A loan of $2,150 helped a member to buy various products to sell in her store.


Banco Comunal Cristo Rey Group's story

The Communal Bank “Cristo Rey” (Christ the King) consists of eight members, six women and two men. They are responsible parents who care for 15 children among them. The members are originally from El Sauce, a place that is located in the western part of the country. 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 their studies. At the moment, they strive each day to provide a better future for their children.

Thanks to her efforts and her desire to move forward, Ricarda was appointed the group coordinator. Her business is a small store where she sells products such as sugar, milk, bread, eggs, matches, juices, cookies, sodas, cheese, and “tiste” (a traditional beverage made from corn and cocoa powder). Ricarda devotes approximately 12 hours a 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 “Cristo Rey” 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: Amparo Del Socorro, Aracelis Del Socorro, Marcia De Fatima, Carlos Medardo, Petronila, Ricarda Engracia, Veronica Del Socorro, Santos Miguel

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Translated from Spanish by Kiva volunteer Ronan Reodica



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