A loan of $1,550 helped a member to buy wool.

Nueva Esperanza Ii Group's story

The communal bank “NUEVA ESPERANZA II” (NEW HOPE II”) will begin the first cycle in Pro Mujer as part of the Centro Focal de Copacabana. It is composed of eight members and it is directed by a board of directors where Felisa is the Treasurer. The businesses carried out by the members of the communal association are varied, among them are: linen blanket fabrics, a well-stocked shop, a butcher shop, a beer vendor, fabrics for vests, and petticoat stitching.

The loan taken benefits small micro-entrepreneurs where Felisa is a member. She indicates that it is the first time that she joined Pro Mujer, joining by invitation from a promoter of the institution who went to visit her at her house. At the present time she has a blankets and vests fabric business; she says that she learned this business from her sister and later she decided to set up her own business.

The loan that she will now take is to increase capital (wool purchase) that she will buy at the fairs in the city of El Alto, wholesale, and later make her products which she will sell in her stall. This type of work allows her to generate income to support her family, since she is single and has a son.

When asked what she likes about Pro Mujer, she responded that she likes the saving.

In this group: Maria Roxana, Modesta, Felipa, Blanca Sonia , Lidia Zenobia , Felisa , Ruth Lucero, Marina

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Translated from Spanish by Kiva volunteer Diana Lima

Loan details

Lenders and lending teams

Loan details