A loan of $2,025 helped a member to buy rice, pasta, sugar, oil.

La Nueva Esperanza De Corcona Group's story

The communal bank La Nueva Esperanza de Corcona [New Hope of Corcona] is a group made up of 10 hard-working and united individuals whose sole purpose is to keep improving every day.

Felix is the group's treasurer, a post he has carried out with responsibility. Felix is 55 years old, married, and has four children, three of whom are still in school. Felix started as a food street vendor, but little by little his business grew and so he decided to set up a restaurant. He knew that he would make a greater profit by offering breakfast, lunch and dinner as he does now. The family business has allowed him to support his children in their studies and contribute to household expenses.

In the future Felix would like to expand and improve his restaurant; he mentions that it's only made of prefabricated material. With the loan that he has requested, Felix will purchase consumable products like rice, pasta, sugar, and oil, among other things. Felix and the communal bank La Nueva Esperanza de Corcona are very grateful for the loan they've been offered, as it makes progress possible for them.

In this group: Andres, Hilda Marlene, Felix, Maria Luisa, Armandina Delia, Modesta Juana, Patricia Nilda, Aurora Natividad, Julia, Rut Elizabeth
*not pictured

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Translated from Spanish by Kiva volunteer Sophie VH

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