A loan of $5,075 helped a member to buy groceries at wholesale.

Nueva Esperanza Group's story

The “Nueva Esperanza” (New Hope) communal bank has 8 female members. The bank president is Elvira, 43. She’s married and has four children who are all school-age. Elvira sells a variety of basic staples like groceries in her local market. This loan is her second sequence in the institution and Elvira will use it to buy a variety of groceries like rice, noodles, flour and sugar at wholesale to stock her business and provide more variety for her customers. Her reason for requesting this loan is to continue improving the business.

Elvira will use profits to continue buying merchandise thus improving her income. Her business goal is to have a store to provide better customer service. Elvira is a very hardworking person who feels happy for the opportunity being provided her and her fellow group members which in many cases are their family’s sole source of support.

In this group: Fanny Irene, Elvira , Filomena , Julia, Rogelia, Fanny Ester, Toribia Marcia, Benita

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Translated from Spanish by Kiva volunteer Polliz

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