A loan of $3,975 helped a member to buy new clothing.

Nueva Esperanza Group's story

Nueva Esperanza Communal Bank is made up of nine members, eight women and one man. They're responsible parents from León, located in the western part of the country. They describe themselves as being hardworking and responsible with a desire for personal self-improvement. They enjoy spending their free time with their children. Unfortunately they were unable to go to school because they lacked the financial resources and had to work from a young age to help with the household expenses.

Thanks to her effort and desire to get ahead, Ely's the coordinator of the communal bank. Her job is selling new clothing: pants, dresses, skirts, shorts, blouses, underwear, children's clothing, t-shirts, and sports shirts. She works as a street vendor and carries some 30 kilograms of merchandise to steady and occasional customers.

Ely's going to invest in working capital by buying and selling new clothing so she can earn a better income in the near future.

Nueva Esperanza Communal Bank is grateful for the help that Kiva lenders give to low-income people and poor countries like Nicaragua so they have the means to a decent job.

In this group: Amanda Del Socorro, Ely Del Socorro , Dominga Ramona , Jennifer Fabiola , Meyling Carolina, Kathia Maria , Byly Randald, Maria Veronica, Tanislada

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Translated from Spanish by Kiva volunteer Catharine Wall

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