A loan of $1,100 helped a member to buy ingredients and tools to prepare bread, like firewood, flour and sugar.

Una Nueva Esperanza Group's story

Petra belongs to the Grupo “Una Nueva Esperanza” (New Hope Group). She says the group was given this name because, thanks to the loans they have been granted by the institution, the life of each member has changed as they have been able to improve themselves. Doña Petra is a very hardworking woman of 68. She says she did not study because her parents did not have money to pay for her education, and also because they did not want her to study because they thought studying would have resulted in nothing good for her. She says that she then started working in the town of Zitacuaro, where a neighbor taught her how to bake bread, and from there she started her activity selling bread and tamales. Doña Petrita is well-known in her town, and she has been engaging in selling bread for more than 40 years. She says she sells her bread door to door, and that sometimes she receives orders. She is a widow and she lives alone. The loan she is requesting will be used to buy firewood and bags, flour, sugar, dough, eggs and milk to prepare bread. She aims at gaining more customers for her activity as well as making herself known in the big cities. She plans on saving the money she will earn, in order to buy wood and sheet steel to add a roof outside her house where to sell her bread. The other members of the group are Victoria (Mexican meals), Leticia C. (frozen food) and Maria Magdalena (general store).

In this group: Petra, Victoria, Leticia, Maria Magdalena

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Translated from Spanish by Kiva volunteer Emanuela Villa

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