A loan of $3,700 helped a member to buy chickens and chicken feed.

Nueva Esperanza (Cuenca) Group's story

The communal bank "Nueva Esperanza" [New Hope] is formed of eight women who work daily in different economic activities, which permit them to contribute and better the economy of their homes and ensure that their families get ahead. They are women who, in spite of adversities, keep smiling. They are all friends and live in different parts of the city of Cuenca, a city which is characterized by its cold climate, scenery, and the four rivers which run through it. Its historical center transports us to the past, and the warmth of the city's people, culture and traditions win the hearts of those who visit it.

One of the members of this group is Angelita, who is on her fourth loan from the communal bank "New Hope." She lives in the Monay sector of the city of Cuenca, is 24 years old, and is a single mother with three children who are 7, 3, and barely six months old. Her first child studies in a school in the city. She does not have a house of her own, thus she rents her home.

Angelita works from Monday to Saturday from 8 in the morning until 4 in the afternoon, in a restaurant where she has worked for five years. In her home she also works raising chickens, a business which she started with her first loan from the communal bank. She is going to invest her new loan in the purchase of chicken and chicken feed to keep growing in this same business. Her goal is to construct a bigger chicken shed to continue with her business.

In this group: Amanda De Jesús, María Baltazar, Mónica Catalina, Luz Aurora, Alexandra De La Nube, Angelita María, Alicia Mercedes, Juana Delia

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Translated from Spanish by Kiva volunteer Jennifer Gilbert

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