A loan of $1,550 helped a member to stock her business with snacks.

Grupo La Fe Group's story

The communal bank "Grupo la Fe" is made up of 11 members. They are single mothers with 15 children in their care. They are natives of Malpaisillo, a place located in the northern part of the country. These women are known for being hardworking and responsible, and for having a desire for personal success. In their free time, they enjoy spending time with their small children, and preparing traditional dishes such as "Indio Viejo" (a corn-based stew). These women had to work from a young age due to a lack of financial resources. They struggle each day to provide their children with a better future, so that they can get an education and become good men and women. These women are working hard because they have a strong desire to get ahead.

Emilia is the coordinator of the group. She has a business selling snacks such as: caramels, cheese puffs, chips, popsicles, bon bons, gum drops, cookies, and chocolates. She sells her products on the street from a 20 kilogram (44 pound) basket that she carries on her head. She performs this work with pleasure, because this is how she supports her children. Her goal with this loan is to invest in working capital, stocking her basket with snacks so that she will be able to obtain more earnings in the near future.

The communal bank "Grupo la Fe" thanks the Kiva lenders for the help that they are giving to low-income people in poor countries like Nicaragua so that in the near future they can increase their incomes.

In this group: Juana Regina, Lorenza De Los Angeles, Juana Johana, Emilia Del Carmen, Santos Patricia, Gilberta, Gilma Del Rosario, Deudania, Paubla Patricia, Julia, Yoconda

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Translated from Spanish by Kiva volunteer Lisa Grobar

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