A loan of $2,875 helped a member to buy tables and chairs.

Paraiso Nuevo Group's story

The “Paraíso Nuevo” (New Paradise) communal bank has 8 members: seven women and one man. The bank president is Cristina who lives in La Guardia. Cristina sells food in a stand located in the same neighborhood where she lives. This loan is her first sequence in the institution and Cristina will use the loan to buy tables and chairs for her business thus offering improved comfort to her customers.

Her reason for requesting this loan is to continue improving her business. Cristina will use the profits to continue buying supplies to improve her income. Her business wish is to have a restaurant in order to offer still better customer service. Cristina is a very hardworking person who feels happy for the opportunity being given to her and to her fellow group members because in many cases they are people raising their families by themselves.

In this group: Cristina, Martina, Helen Faridez, Maria, Sonia, Ruth, Nolberta, Raul

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Translated from Spanish by Kiva volunteer Polliz

Loan details

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Loan details