A loan of $1,100 helped to buy rice, sugar, oil, detergent and other basic groceries.

Fanny Ines's story

The members of the Progresistas community bank meet every 15 days in the canton of Jipijapa, known as the "sultan of coffee" because of its extensive production of peerless coffee. It is also known for its cuisine and for the quality of its people.

Fanny lives in Jipijapa. She is 50 years old, married, and has three grown children who are attending college but still live with her. Fanny's husband is retired.

To provide for her family, especially now that her husband isn't working, Fanny set up a grocery store in her home. She used her first loan from Fundacion ESPOIR to set up her store, and has used subsequent loans to improve and expand it. Currently, in addition to her grocery store Fanny runs a photocopy service and sells school supplies. She works everyday, often alone, or sometimes with the help of her husband or children when they are available. Her business is 11 years old and she hopes to continue improving it over time with the continued help of the loans that have brought her this far.

This particular loan will be used to stock her store. Fanny will buy rice, sugar, oil, detergent, and other basic household goods. She has been a member of her community bank for 11 years and enjoys being a part of it because it approved her very first bank loan, which enabled her to start her business. Fanny's goal is to have the best grocery store in her town.

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Translated from Spanish by Kiva volunteer Vivian Lu

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Loan details