A loan of $3,750 helped a member to buy various products to sell in her store.

Vecinos Unidos Group's story

The Communal Bank “Vecinos Unidos” (United Neighbors) consists of 10 members, two men and eight women. They are responsible parents who care for 20 children among them. The members are originally from Malpaisillo, a place that is located in the northern part of the region. They are known for being hardworking, responsible, and having the drive to succeed on a personal level. Unfortunately, due to a lack of financial resources, they were not able to pursue a degree and were obligated to work at an early age.

Thanks to her effort and her desire to move forward, Magadalena was appointed the group coordinator. Her business is a small store where she sells products in small quantities such as rice, beans, sugar, milk, bread, eggs, matches, juices, and sodas. Magdalena devotes approximately 12 hours each day to her business by offering her products. The purpose of her loan is to invest it as operating capital so that she can restock her business of buying and selling basic products. In the near future, she would like to generate more income.

The Communal Bank “Vecinos Unidos” is grateful for the assistance that Kiva lenders provide to people who have limited resources and come from poor countries, such as Nicaragua, so that they can earn a decent living.

In this group: Erika Patrica, Elias Jose, Juana Maria, Mabel De La Concepcion, Maria Magdalena, Nereyda Carolina, Mercedes Estela, Luis Alberto, Jenny Griselda, Hellen

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Translated from Spanish by Kiva volunteer Ronan Reodica

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