A loan of $2,550 helped a member to stock up on merchandise to sell.


G.s.montiel Group's story

The “Montiel” communal bank has five members, four women and one man. All have families and are responsible for a total of 12 children. They are from Chinandega, a place located in the west of the country. This group is noted for having hardworking, responsible members. Reyna is group coordinator; she’s in charge of seeing that each member makes payments on time as scheduled. Her economic activity is selling general merchandise consisting of pants, shirts, skirts, dresses, underwear, towels, bed linen, shoes and cosmetics. The goal of the loan is to invest in working capital and stock up on new merchandise to offer her regular and occasional customers and take advantage of the Christmas season. The Montiel group is grateful for the help Kiva lenders provide people of scarce resources and to poor countries like Nicaragua to have dignified sources of employment.

In this group: Reyna Isabel, Yelba Azucena, Sofia , Rey David, Azucena Del Socorro
*not pictured

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Translated from Spanish by Kiva volunteer Polliz



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