A loan of $1,425 helped a member to invest in working capital and stock her grocery store with products such as coffee sachets, shampoo sachets, tomato ketchup sachets, matches, rice, beans, sugar, milk, bread, eggs, juice and soda.


Vecinos Unidos Group's story

The 'Vecinos Unidos' community bank has 8 members: 7 women and 1 man. They are all responsible parents and, between them, they have 20 children in their care. They are all from Malpaisillo, in the north of the country, and are noted for being hard-working, responsible people who have a desire to improve themselves. They work hard every day to provide their children with better living conditions. Unfortunately, none of them was able to study owing to a lack of financial resources and each had to work from an early age instead.

The coordinator of the 'Vecinos Unidos' community bank is Magdalena, who runs a small pulpería (grocery store) which is located in her home. A 'pulpería' is a small store which sells food products in small quantities such as coffee sachets, shampoo sachets, tomato ketchup sachets, matches, rice, beans, sugar, milk, bread, eggs, juice and soda. Magdalena sells her products for 12 hours a day. Her goal for this loan is to invest in working capital and stock her store so that, in the not-so-distant future, she can make better income. The 'Vecinos Unidos' community bank is grateful for the help that Kiva lenders provide to people with limited resources in poor countries such as Nicaragua so that they can earn a decent living.

In this group: Erika Patrica, Elias Jose, Benita Irene, Hellen, Juana Maria, Yurelis Junieth, Mabel De La Concepcion, Maria Magdalena
*not pictured

Translated from Spanish by Kiva volunteer Linda Oxnard



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Loan details