Funded

Total loan: $1,500
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El Progreso Group

Nicaragua
Leon, Nicaragua / Food Production/Sales

A loan of $1,500 helped a member to invest in working capital and to buy raw material for making baked goods like corn, firewood, milk, curds, sugar and plastic bags.


El Progreso Group's story

The El Progreso communal bank has 9 members, 7 women and two men, mothers and fathers with families and a total of 20 children in their care. They are from El Sauce, a place that is located in the northern area of the country. El Sauce is known for the production of dairy products, cream, milk, curds and cheese. The members of this bank are responsible, hard-working people with the desire to get ahead. Unfortunately none of them were able to study; so they strive day after day to give their children a better future.

The coordinator of the El Progreso communal bank is María Emperatriz, and her business is the sale of baked goods, a typical food of the region. She runs her business in an itinerant fashion, with a 20 kg basket on her head, offering her products to established and potential clients. The objective of the loan is to invest in working capital, in the purchase of raw material for making baked goods like corn, firewood, milk, curds, sugar and plastic bags, so that she will have better earnings in the not-so-distant future. The El Progreso communal bank thanks the Kiva investors for their help providing people with scarce resources and poor countries like Nicaragua to have a dignified means of work.

In this group: Maria Emperatriz, Francis Betania, Manuel Antonio, Ramona Antonia, Blanca Azucena, Juan Doroteo, Petrona, Claudia Slite, Alejandrina Del Rosario
*not pictured

Translated from Spanish by Kiva volunteer Tricia Perry



Loan details

Loan length:

7 months
Disbursed date: March 5, 2013

Lenders and lending teams



Loan details

Loan length:

7 months
Disbursed date: March 5, 2013