A loan of $4,175 helped a member to buy tables and chairs for their business.

74-Nuevo Amanecer Group's story

The communal bank "74-Nuevo Amanecer" (74-New Dawn) is made up of eight members, six women and two men. The president of the group is Wilma, who is 22 years old and does not have any children. Wilma makes a living making and selling "empanadas" (a filled pastry) and bread. She has a stall from where she sells her products. This is the first loan she has taken out through the communal bank. She will use the loan to buy tables and chairs for her food stall. This will allow her to provide comfort and better service to her customers, which will lead to increased profits. The reason she took out the loan is to continue improving her business. She will use the benefits that come from the loan to continue buying utensils and ingredients needed to make her "empanadas". Wilma is a very hard working woman. She is thankful for the opportunity that has been given to her and her fellow group members, as it is common that they are the only ones supporting their families.

In this group: Miguel Angel, Angel, Brenda, Maria Wilma, Fabiola, Gleny, Rosa Maria, Ana Rosa

Translator profile picture

Translated from Spanish by Kiva volunteer Tricia Kell

Loan details

Lenders and lending teams

Loan details