A loan of $925 helped a member to buy and sell milk curd.

El Progreso Group's story

The “El Progreso” (Progress) communal bank has 8 members; six women and two men. Their ages range from 30 to 65 and they have ten children in their care. These members are all from Sucre, a place located in the northern part of the country. The bank members have stood out for being responsible people who are good payers. They have repaid their previous loans properly and on time.

Francis Betania is the El Progreso group coordinator; she’s in charge of making sure the group is responsible. Her economic activity is selling milk curd from place to place. Francis’ routine is to head out into the streets starting very early to sell her product to both regular and occasional customers. The loan she’s requesting is to buy and sell milk curd.

The El Progreso communal bank is grateful for the support Kiva lenders provide people of scarce resources and to poor countries like Nicaragua so that they can have dignified sources of employment.

In this group: Maria Emperatriz, Francis Betania, Manuel Antonio, Ramona Antonia, Blanca Azucena, Maria De Los Angeles, Juan Doroteo, Petrona

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Translated from Spanish by Kiva volunteer Polliz

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