A loan of $2,200 helped a member to buy food preparation ingredients.

Banco Comunal Arca De Noe Group's story

The “Arca de Noé” (Noah’s Ark) communal bank consists of 8 single mothers with 20 children in their care. They are from El Sauce which is a place located in the north of the country. They are noted for being hardworking, responsible women who very much want to improve personally. They strive daily to provide their children with a better future. Sadly, owing to the lack of economic resources they were obliged to start working at a very young age and were unable to attend school.

Glady’s is the Arca de Noé coordinator. Her economic activity is selling traditional home-cooked dishes like meat and vegetables, ‘indio viejo’ [corn-based stew], rice, grilled meat, white beans, fried plantain, fried cheese, grilled and fried chicken and chicken soup. She spends about 8 hours daily preparing and selling food from home. The objective of the loan is to invest in working capital and to buy basic grains needed to prepare her dishes so in a not too distant future to earn better income.

The Arca de Noé communal bank thanks Kiva lenders who provide for people of scarce resources and to poor countries like Nicaragua so they can have a way to earn a livelihood with dignity.

In this group: Martha Del Socorro, Marcela Zenayda, Jazmina Del Carmen , Adriana Esperanza, Josefa , Gladis Del Rosario, Deyanira , Angela Lucia

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Translated from Spanish by Kiva volunteer Polliz

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