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Banco Comunal Victoria De David Group
In this Group: Gladys Micaela, Micaela, Mariana Andrea , Juana Paula, Jennifer Del Carmen, Dania Maricela , Norma Del Carmen , Teodora Amparo, Juana Siria
This communcal bank is called Victoria de David. The group is comprised of nine members and this is their second request for a loan. Mrs. Juana sells general merchandise. She has two children, ages 11 and 7 under her care. Three years ago she started her own business because she needed to earn an income to help support the family. She is requesting a loan to buy sheets, lipstick, nail polish, powders and creams. With her earnings she wants to expand her business and build a mini-factory. The other members of the group will use the loan to help boost their businesses.
View original language description ↓
Este Banco se llama Victoria de David. El grupo está conformado por 9 integrantes y es la segunda vez que solicitan un préstamo. La señora Juana se dedica a la venta de mercadería en general, tiene dos hijo de 11 y 7 años bajo su cargo. Inicio hace 3 años por cuenta propia, ya que necesitaba un medio de ingreso para brindarle apoyo a su familia. Solicita el préstamo para comprar materia prima como sabanas, pintura de labios, pinturas de uñas, polvos y cremas. Con las ganancias quiere poder crecer su negocio y completar una mini fabrica. Los otros integrantes del grupo tienen sus actividades económicas que por medio del financiamiento le será de mucha ayuda.

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

  • $4,800
    Average annual income
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,738,450
    Funds lent in using Kiva
  • 22.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Victoria De David Group's $1,275 loan helped a member to buy sheets, lipstick, nail polish, powders and creams.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2011
Listed
Aug 19, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 21, 2012