A loan of $2,550 helped a member to invest in working capital and to stock merchandise in various clothing such as pants, blouses, skirts, shorts, dresses, nightwear, pyjamas, towels and undergarments.

Los Angeles Group's story

The Los Angeles communal bank is made up of eleven members: ten women and one man. It originates in Malpaisillo, which is located in the west of the country. The members are all hard-working and responsible and strive for self-improvement. Unfortunately, because of lack of economic resources, they have not been able to finish their basic education and they have been working from an early age in order to help with their household expenses.

Due to her hard work and her will to get ahead, Aleida is the coordinator of the Los Angeles communal bank. For her occupation, she sells a variety of new clothing, such as pants, blouses, skirts, shorts, dresses, sleepwear, pyjamas, towels and undergarments. Her business is located in the house where she lives. She spends about 10 hours a day working and really enjoys her business. The objective of the loan is to invest in working capital and to stock her business buying and selling merchandise, so that she can obtain a better income in the near future.

The Los Angeles community bank is grateful for the aid that Kiva's investors provide to people with few resources in poor countries like Nicaragua in order for them to have a means of respectable work.

In this group: Ramona De Los Angeles, Aleida, Katia Isabel, Petrona De Jesus, Javier Antonio, Yanett Del Socorro, Yulibeth Carolina, Frania Del Socorro, Isabel, Sobeyda, Pedro Pablo

Translated from Spanish by Kiva volunteer Christine Dechert

Loan details

Lenders and lending teams

Loan details