Check out other loans that are currently fundraising!
Nuestra Señora De Guadalupe Group
In this Group: Gloria Del Carmen, Marina, Segunda, Jovania Elizabeth, Mireira Del Carmen, Petrona Del Carmen, Yadira Del Socorro, Doribel , Virginia De Jesus
The Our Lady of Guadalupe Communal Bank consists of 9 members, all of whom are women. They dedicate themselves to their businesses, selling fish among other things. Señora Gloria is the president of the bank. She has 2 children and runs a grocery store, which is going well. With the loan she plans to buy grain, juices, sodas, toilet paper, matches, salt and bread. She is a very hard-working person, always thinking of her children's well-being. She is grateful to the organisation for the support offered.
View original language description ↓
El Banco de comunal Nuestra Señora De Guadalupe está conformado por 9 Integrantes todas son Mujeres y las señoras se dedican al comercio y venta de pescado y otros, y Señora Gloria es la presidenta del Banco tiene dos hijos y ella se dedica a una pulpería, actividad donde le va muy bien y con el préstamo comprara granos básicos, jugos, refrescos, papel higiénico, fósforos sal y pan. Es una persona muy trabajadora y siempre pensando en el bienestar de sus hijos, esta agradecida con la institución por el apoyo brindado.

Additional Information

Fundación Leon 2000

This loan is administered by Fundación Leon 2000. Fundación Leon 2000 began operations in 1993 as the first microfinance institution to serve the western part of Nicaragua, a country which continues to be one of the poorest in the western hemisphere. Fundación Leon 2000 works to further the development of micro, small, and medium enterprises through credit services and management, applying the best credit industry practices and technical expertise. Additionally, Fundación Leon manages several business and financial education programs in the community, specifically for young entrepreneurs and at-risk youth. Fundación Leon 2000’s group of experienced and dedicated employees works in 7 offices in Leon, Chinandega, Chichigalpa, Somotillo, Jinotepe, El Sauce, and Nagarote and serves several thousand clients (the majority of whom are women).

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Nicaragua

  • $3,636
    Average annual income
  • 145
    View loans »
    Nicaragua Loans Fundraising
  • $24,089,275
    Funds lent in using Kiva
  • 22.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuestra Señora De Guadalupe Group's $1,000 loan helped a member to buy grain, juices, sodas, toilet paper, matches, salt and bread.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2011
Listed
Jul 17, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011