A loan of $2,350 helped a member to invest in working capital to purchase raw material like corn, wood, lime, gas, and plastic bags.


Banco Comunal El Milagro Group's story

The communal bank Milagro is composed of nine members. All are single mothers with a total of twenty children in their care. They are originally from Sauce which is located in the northern part of the country. These women pride themselves in being hardworking, responsible, and with strong ambitions because they have been working since they were young to help support their families. Candida Rosa is the coordinator of the communal bank. She is responsible for ensuring the timely payment of the member's loans. She makes a living by making and selling tortillas from her home. Her daily routine consists of working twelve hours a day starting at five in the morning when she begins to grind the corn until five in the evening until she is done selling them. With this loan she plans to invest in working capital to purchase raw material like corn, wood, lime, gas, and plastic bags. The communal bank el Milagro is grateful for the help that Kiva investors bring to people of low income and underdeveloped countries like Nicaragua so that they can have a better working environment.

In this group: Candida Del Rosario , Danelia Lisseth, Teofila , Alba Rosa, Maria Josefa , Adelayda , Alba Lidia , Esmeralda Del Socorro, Felipa
*not pictured

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Translated from Spanish by Kiva volunteer Christian Lopez



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