A loan of $1,650 helped a member to invest in working capital and stock her small grocery store with products like matchboxes, coffee packets, cigarettes, rice, beans, salt, bread, eggs, tiste, chicha, juices, sodas, and tortillas.


Los Angeles Group's story

The Los Ángeles communal bank is formed by 10 members, 9 women and one man, mothers and fathers responsible for 20 children. They are from Malpaisillo, a place that is located in the western area of the country. Malpaisillo is known for artisanal work and typical beverages like tiste or pinolillo. These members of the bank are hard-working and responsible people who strive to make a living. They have had to work from a young age; due to a lack of economic resources, none of them were able to study.

Thanks to her capacity for entrepreneurship and desire to overcome, Frania del Socorro is the coordinator of the bank and has a small grocery business located in her home. A “pulpería” is a small store where grocery products are sold in small quantities like: matchboxes, coffee packets, cigarettes, rice, beans, salt, bread, eggs, tiste, chicha, juices, sodas, and tortillas. Frania’s daily routine is to work about 10 hours a day offering her products. The objective of the loan is to invest in working capital and stock her business in the buying and selling of grocery products for her small store, and to earn a better income in the not-so-distant future. The Los Ángeles communal bank thanks the Kiva investors for the help they provide to people with scarce resources in poor countries like Nicaragua so they can have a dignified means of work.

In this group: Ramona De Los Angeles, Aleida, Katia Isabel, Petrona De Jesus, Javier Antonio, Yanett Del Socorro, Yulibeth Carolina, Frania Del Socorro, Isabel, Sobeyda

Translated from Spanish by Kiva volunteer Tricia Perry



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