A loan of $3,425 helped a member to buy stock merchandise for her store.

Los Angeles Group's story

The Los Ángeles communal bank consists of 12 people, responsible mothers and fathers with 15 children in their care. They are from Malpaisillo, a place located in the country’s north. These folks are noted for being hardworking, responsible and with a strong wish for self-improvement. Sadly, they were unable to study for lack of economic resources but they strive daily to provide a better future for their children.

Thanks to her effort and drive to get ahead, Yanett’s the bank coordinator and her economic activity is a home-based “pulpería” which is a small store selling grocery items like rice, beans, sugar, milk, bread, detergent, soft-drinks, juice, eggs, cream, cheese and matches in small amounts. She spends about 12 hours in her store daily selling her goods, an activity that takes place at home.

The loan’s objective is to invest in working capital to stock the store with grocery items to sell so that in the not too distant future she’ll earn higher income.

The Los Ángeles communal bank thanks Kiva lenders for the support they provide to people of scarce resources and to poor countries like Nicaragua so they can have ways of earning a living with dignity.

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

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Translated from Spanish by Kiva volunteer Polliz

Loan details

Lenders and lending teams

Loan details