Check out some available loans that are similar to this one!
Banco Comunal Mujeres Responsables Group
In this Group: Celica Lucia , Josefa Maria, Jose Francisco, Nora Janixia , Celica Maria, Norelis Marbelis, Narcisa Del Rosario, Jose Antonio, Carls Argentina
The “Mujeres Responsbles” (Responsible Women) communal bank is obtaining its first loan. It has nine members who live in the community of La Sabaneta. Each has an activity or provides a service.

The group President is Nora Jimena, 37. She has five children in her care who are 19, 17, 14, 12 and 8 years old, respectively. Her activity is crafts making and sales. She learned this way of earning a living from her mother. She wants to use the loan to buy ceramics, paints and other products.

The rest of the group members are very happy for the opportunity to improve their income with their businesses.
View original language description ↓
El Banco Mujeres Responsables está realizando su primer crédito conformado por 9 integrantes que viven en la localidad de la comunidad la sabaneta todos cuentan con una actividad o servicio. La presidenta es Nora Jimena tiene 37 años con cinco hijos bajo su cargo de 19, 17, 14,12 y 8 años respectivamente Su actividad es la venta y elaboración de artesanía, ya que este medio de vida lo aprendió por su Mama que le enseño a ganarse la vida de esta forma. Con el crédito quiere comprar cerámica, pinturas y otros productos. El resto de los integrantes se encuentran muy contentos por la oportunidad de mejorar sus ingresos con sus negocios.

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
  • 147
    View loans »
    Nicaragua Loans Fundraising
  • $24,099,050
    Funds lent in using Kiva
  • 22.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Mujeres Responsables Group's $1,050 loan helped a member to buy clay, paint and other products.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 2, 2011
Listed
Aug 26, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011