A loan of $1,125 helped a member to invest in working capital and stock her grocery store with rice, sugar, beans, bread, milk, eggs, detergents, juice, fruit, caramels, hot chocolate, and barley.


Banco Comunal Cristo Rey Group's story

The "Cristo Rey" communal bank is comprised of 8 members, mothers and fathers with 15 children in their responsibility. They are from the community of Sauce which is located in the northern area of the country. They are hard-working, responsible people with a desire of self improvement. In their spare moments they like to enjoy the company of their children and prepare typical food from the region which is "el buñuelo" (cream puff). Unfortunately, due to the lack of economic resources they were not able to study for a degree and they were obligated to work since an early age to help with the home expenses.

Thanks to her efforts and desire to move forward the coordinator of the bank is Aracelis. Her business is a grocery store located in her house. The store is small and she sells edible products like rice, sugar, beans, bread, milk, eggs, detergents, juice, fruits, caramels, hot chocolate, and barley.

She invests 12 hours daily in her business. The objective of the loan is to invest in working capital and stock her grocery store so that in the not-so-far future she may obtain more income. The communal bank "Cristo Rey" is thankful for the help that the Kiva investors provide to people of limited resources and poor countries like Nicaragua in order to have a dignified type of work.

In this group: Amparo Del Socorro, Aracelis Del Socorro, Marcia De Fatima, Carlos Medardo, Petronila, Salustina Del Socorro, Ricarda Engracia, Veronica Del Socorro

Translated from Spanish by Kiva volunteer



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