A loan of $3,625 helped a member to buy supplies such as flour, sugar and baking powder.

Nuevo Amanecer Group's story

The Nuevo Amanecer communal bank is made up of nine members: seven women and two men. The president of the communal bank is Jean who is 25 years old and has three children. Jean makes her living making and selling a variety of cakes in her bakery. Her store is found in the Tierras Nuevas area of the city of Santa Cruz, and this loan is the first loan cycle of this institution. Jean will use this loan to buy supplies such as flour, sugar and baking powder to make cookies, rice bread, cheese bread and corn biscuits. The reason she is seeking this loan is a lack of working capital. Jean is facing a series of challenges in her business from the competition that exists in the area such as improving her quality of life and she will use the profits to increase her production. She is grateful for this opportunity which this loan has given her as it is the only activity which will enable her to support herself.

In this group: Hilda, Jaime Tomas, Katterine, Jean Carla, Encarnacion, Marcelina, Fanny , Helio, Jenny Marianela

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Translated from Spanish by Kiva volunteer Severine

Loan details

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Loan details