A loan of $3,300 helped a member to buy charcoal in bulk for subsequent sale.

Nueva Esperanza De San Luis Group's story

The “Nueva Esperanza de San Luis” (New Hope of St. Louis) communal bank is located in the city of Caaguazu, and is composed of 26 women who are in their 4th loan cycle in the “Program for Enterprising Women.” They meet with the proposition of helping one another and, in this way, to be able to get ahead by working together. The women comment that they wish to arrive at the maximum level of the Foundation's program, and thereby, to achieve a better standard of living.

Francisca is characterized as a very hard-working woman. She joined the group to be able to work with her friends and, in this way, to help them improve their style of life. She reports that she sells charcoal and the business is going very well, since everyone uses it. Her work helps to maintain her family and, also, to cover daily household costs. Francisca is requesting the Foundation's help to buy charcoal in bulk. It will be much help to have a sufficient supply of merchandise in stock to be able to meet customer demand.

In this group: Lorenza, Justina, Gregoria, Seferina, Ramona, Vicenta, Rosalba, Librada, Rosi, Juana, Maria, Idalina, Maria, Reinelia, Cinthia, Nilda, Maria, Justina, Zoraida, Francisca, Isabel, Rosa*, Maria*, Eulalia*, Adolfina*, Teodora*
*not pictured

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Translated from Spanish by Kiva volunteer Harold Dana Sims, PhD

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