A loan of $3,925 helped a member to invest money in their work and stock their grocery with foodstuffs such as coffee packets, shampoo packets, tomato sauce packets, sugar, rice, beans, oil, bread, milk, eggs, detergent, toothpaste, ice, "natural" sodas, and tiste.


Fe Y Esperanza Group's story

The Fe y Esperanza (Faith and Hope) communal bank is made up of 12 members, all of whom are single mothers who care for a total of 28 children. They are natives of Malpaisillo, a place located in the western region of the country. These women are described as hard-working, responsible, and ambitious. Sadly, none of them were able to study because of a lack of funds. They saw themselves obligated to work from an early age. For this reason, they are working hard in life to give their children better lives.

Magali Mercedes is the communal bank Fe y Esperanza's coordinator. She is charge of payment accountability with regards to time and method. Thanks to her entrepreneurial spirit she has the "pulpería" located in her home. A "pulpería" is a small store that sells foodstuffs and in small quantities things like: coffee packets, shampoo packets, tomato sauce packets, sugar, rice, beans, oil, bread, milk, eggs, detergents, toothpaste, ice, "natural" sodas, and tiste.

Magali's daily routine is to work 10 hours offering her products. The goal of this loan is to invest it in her work and stock her business with foodstuffs. This way, she may be able to improve her earnings in a not-so-distant future.

The communal bank Fe y Esperanza is grateful for the help that Kiva's lenders give to people with few resources and to other poor countries like Nicaragua so that they can have a better life.

In this group: Candida Rosa, Heyling Del Pilar, Magali Mercedes, Elieth Maria, Maria Mercedes, Rosa Emilia, Gloria Isabel, Mariela Mercedes, Maria Candelaria, Yudis Dayana, Maria Del Socorro, Dominga De Jesus

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Translated from Spanish by Kiva volunteer Clemens Mayer



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