A loan of $600 helped a member to buy dairy products, meat, sausages, rice, and beans, etc.

Nuevo Despertar Group's story

Elsa is the coordinator of the “Nuevo Despertar” (New Awakening) Communal Bank. She is 34 years old and the single mother of two children. She lives in the Yuscaran municipality selling general groceries. Her small store started to function several years ago after Elsa went to live with the father of her two children.

Elsa’s parents gifted her with the startup capital to establish her store. Later, in time, she recovered her initial investment, and she now works with her own capital. When she went to live with her ex-husband, she stopped going to school and dedicated herself completely to the household chores and the care of her children.

Then, he left her. In order to improve herself she decided to continue her education, and she managed to complete it. She is now a primary school teacher. She takes care of her schedule in the mornings, and in the afternoons she teaches classes. Her children take turns taking care of the store when she is not there.

Elsa is requesting the loan to stock her store with products like dairy products, meat, sausages, rice, beans, churros, pasta, and vegetables, among others.

Her goal is to keep her business active in order to be able to keep supporting her children and give them a better future with the support of an education.

This is her first cycle with FAMA, and she plans to make her payments punctually.

In this group: Elda Suyapa , Rigoberto , Glenda Yaneth
*not pictured

Translated from Spanish by Kiva volunteer Ginny Kalish

Loan details

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Loan details