A loan of $4,275 helped a member to invest in buying ingredients to prepare the food she sells.


Paraiso Nuevo Group's story

The communal bank "PARAISO NUEVO" ["New Paradise"] is made up of eight members, all of them women. The bank's president is Ruth, who is 29 years old and married. She has two children, aged 11 and 2. She works selling food in the community of Zanja Honda, This is her first loan cycle with the institution. Ruth will use this loan to invest in buying ingredients on a wholesale basis to prepare her foods, such as rice, noodles, potatoes and cooking oil. Her reason for requesting this loan is a lack of capital. Ruth will use the profits to continue buying ingredients to prepare her foods. Ruth is a very hard-working person. She feels happy and grateful to the institution for the support provided, since this is the only work she has to support herself.

In this group: Cristina, Martina, Helen Faridez, Maria, Ruth, Nolberta, Angela, Eliana

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Translated from Spanish by Kiva volunteer Patricia Linderman



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