A loan of $2,050 helped a member to invest in working capital and to stock up her business buying and selling consumable goods such as rice, beans, sugar, milk, bread, detergent, soap, eggs, and matches.


Venceremos Group's story

The "Venceremos" communal bank is made up of eight members - seven women and one man. They are all responsible parents with a total of 15 children under their care. The members are all from the west of Nicaragua and are hard-working, responsible, and have a desire to do better than they have ever done before. Unfortunately, due to a lack of money, the group's members did not study at university and needed to work from a young age. Now, each member of the group is fighting to provide their family with better financial stability.

Thanks to her efforts and her desire to get ahead, the group's coördinator is Juana. She has a grocery store, where she sells consumable products, such as rice, beans, sugar, milk, bread, detergent, soap, eggs, and matches, in small quantities. Juana works twelve hours every day, selling her products from a room in her home. This loan will be used to invest in working capital and to stock-up her business by buying and selling consumable products. It is hoped that, in the not-too-distant-future, Juana will be able to earn a higher income.

In this group: Juana Eliett, Josefa, Francis Maria, Benita, Justo Reymundo , Melania Del Socorro, Rosa Argentina, Mabel Francisca

Translated from Spanish by Kiva volunteer Iain Gaw



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