A loan of $2,900 helped a member to buy phonecards in bulk.

La Gran Esperanza Group's story

The "La Gran Esperanza" communal bank is made up of eight members - six women and two men. The bank's president is Elena. In the photo Elena is the second from the left, standing, and wearing a white blouse. She is 56 years old and has children who are now independent adults. Elena makes a living with a business offering telephone services on a central avenue in the city of Santa Cruz. This is her first cycle with the communal bank and Elena will use the loan to buy phonecards in bulk. She is applying for a loan due to a lack of capital. When Elena about the communal bank, she came to visit it. Elena faces challenges in her business, such as too much competition in the area. She has only recently started this business. Before she sold cosmetics but this unfortunately did not provide her with an income, so she had to look for something else. Elena will use her profits to buy merchandise such as top-up cards to sell to her customers Elena is happy and grateful to the communal bank for the support provided to her and her colleagues. All these people work hard so they can move forward in life.

In this group: Elfi, Elena, Enrique, Claudia, Pedro, Vanessa, Dora, Francisca

Translated from Spanish by Kiva volunteer Iain Gaw

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