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Banco Comunal La Esperanza Group
In this Group: Kenia Lizett, Candelaria, Bernabela Del Carmen, Tomasa Antonia, Audelia De Jesus, Silvia Elena , Azucena, Santos Ramona, Yadira Del Socorro, Normalina , Rosa
Kenia Lizett is the president of the communal bank "La Esperanza." The members Reyna Del Socorro, Candelaria, Bernabela, Tomasa Antonia, Audelia, Silvia Elena, Azucena, Santos Ramona, Yadira Del Socorro, Normalina and Rosa all have different economic activities. Lizett has a business selling shaved ice and soups. She has had this business for more than a year, and she acquired the business through a lot of effort. The loan she requests is to buy milk to make her shaved ice, and to buy ice and other products.
View original language description ↓
La Señora Kenia Lizett es la presidenta del banco comunal la Esperanza. Reyna Del Socorro, Candelaria, Bernabela, Tomasa Antonia, Audelia, Silvia Elena, Azucena, Santos Ramona, Yadira Del Socorro, Normalina y Rosa tiene diferentes actividades económicas. Lizett se dedica a la venta de raspados y sopas. Hace más de 1 años que tiene este medio de vida, que con tanto esfuerzo ha obtenido. El financiamiento que solicita es para la compra de leche para la elaboración de sus raspados, hielo entre otros.

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
  • 78
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 22.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal La Esperanza Group's $1,000 loan helped a member to buy products to make her shaved ice desserts, including milk, ice and other items.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2011
Listed
Aug 13, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 21, 2012