A loan of $3,025 helped a member to buy tables and chairs in bulk.


Nueva Esperanza Ii Group's story

The entrepreneurship bank Nueva Esperanza II is made up of eight members of whom five are women and three are men. The president of the bank is Victoria. She lives in the area of Nueva Esperanza from which the bank's name comes as the majority of the members live in this area. Victoria is thirty years old and has three children of the ages of 12, 13, and 15, all being of school age. Victoria makes a living making and selling food from her food stall that is located in the same area where she lives. This loan is her third loan cycle with the institution and she is going to use the loan to buy tables and chairs in bulk, in this way giving greater comfort to her customers and increasing her work capital. The reason she's requesting this loan is to continue improving her business. Victoria is going to use the profits to continue buying utensils in order to continue improving her earnings. Her desire for her business is to have a restaurant and thus offer a greater variety of dishes to her customers. Victoria is a very hardworking person who feels happy for this opportunity given to her and the members of her group since, in some cases, they alone support their families.

In this group: Victoria, Jhonny Richard, Francy, Maribel, Dionicia, Jose Milton, Julio, Modesta
*not pictured

Translated from Spanish by Kiva volunteer Shannon Birk



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