A loan of $725 helped a member to have working capital to supply her business so she can buy and sell merchandise such as pants, skirts, dresses, shirts, underwear, bed linens, and pajamas.


Mi Bendicion Group's story

The communal bank Mi Bendición is made up of 8 women, single mothers, responsible for 15 minor children. They are originally from El Sauce which is a municipality in the northern part of the country. El Sauce is known as a dairy area, and also for raising pigs, chickens and cattle. The members of the bank are known to support each other in their various financial activities, helping each other to benefit from the funding.

Alba is the coordinator of the bank and it is her responsibility as the one in charge of the bank to collect payments in a timely way. Her financial activity is the sale of general merchandise which consists of buying and selling clothing such as pants, skirts, dresses, shirts, underwear, bed linens, and pajamas.

The purpose of the loan is to have working capital for investing to supply her business for buying and selling the merchandise to take advantage of the best sales of the year. The communal bank Mi Bendición is grateful for the support of the Kiva loaners that support people who have scarce resources and poor countries such as Nicaragua to have a decent working environment.

In this group: Leyda Maria , Maria Eusebia , Teresa De Jesus , Sabina , Martha Lorena , Karla Damaris , Maria De Los Angeles, Alba Jiomar
*not pictured

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Translated from Spanish by Kiva volunteer Gail LeGrand



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Loan details