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Banco Comunal Cristo Rey Group
In this Group: Amparo Del Socorro, Teresa Rosibel, Yessenia Mercedes, Natividad Del Socorro, Aracelis Del Socorro, Delbi Maria, Byron Antonio, Tania De La Concepcion, Alicia Del Socorro, Marcia De Fatima
Communal bank Christ King is made up of 10 members and president Amparo Del Socorro. She has been selling pigs and curd for more than 15 years and had four children under her care who have taught her become a hardworking woman. That is why she is requesting the loan with her friends and buy pigs and curd. This is an excellent group whose dedication has allowed it to continue working. She is very happy with her job since she loves it. Her job generates lots of profits with which she can cover costs. Together with this loan they wish to grow their businesses more everyday.
View original language description ↓
El Banco Comunal Cristo Rey, se conformó por diez integrantes con la presidenta que es Amparo Del Socorro, ella se dedica a la venta de cerdos y cuajada. Tiene más de 15 años en su negocio, sus 4 hijos que tiene bajo su cargo han hecho de ella una mujer muy luchadora. Es por eso que solicita este crédito con sus amigos para la compra de cerdos y cuajada, es un excelente grupo, el cual gracias al trabajo realizado continúan trabajando. Ella está muy feliz con su trabajo, ya que le encanta. Su trabajo le genera buenos ingresos, con lo cual puede cubrir sus gastos. Juntos esperan con este crédito ampliar sus negocios cada día más.

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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,597,675
    Funds lent in using Kiva
  • 22.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Cristo Rey Group's $800 loan helped a member buy pigs and curd.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2011
Listed
Aug 24, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 21, 2012