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Banco Comunal Mujeres De Confianza Group
In this Group: Leoncia Isabel, Lisbeth Isabel, Luisa Reyna, Rosa Eufemia, Inocencia Iris, Maria Antonia, Blanca Beligna , Maria Ofelia, Reyna Isabel
The "Mujeres de Confianza" (Reliable Women) communal bank is made up of Lisbeth Isabel, Luisa Reyna, Rosa Eufemia, Inocencia Iris, Leoncia, María Antonia, Blanca Beligna, María Ofelia, and Reyna Isabel. Leoncia sells stuffed tamales, and baked goods.

She has been doing this for 2 years. She began her business when she was working doing ironing. Over time, she saved some money, and that was when she started selling tamales and baked goods. She will use the loan to buy corn, firewood, baking soda and bags.
View original language description ↓
El Banco Comunal Mujeres de Confianza está conformado por Lisbeth Isabel, Luisa Reyna, Rosa Eufemia, Inocencia Iris, Leoncia, María Antonia, Blanca Beligna, María Ofelia y Reyna Isabel. En el caso de Leoncia se dedica a la venta de tamales rellenos y cosa d horno tiene más de dos años en esta actividad, lo inicio cuando trabajaba planchando fue con el paso del tiempo que ahorro cierto dinero y fue cuando inicio con la venta d cosa de horno y tamales. El crédito es para la compra de maíz, leña, bicarbonato y bolsa.

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
  • 96
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • 22.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Mujeres De Confianza Group's $450 loan helped a member to buy corn, firewood, baking soda and bags.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2011
Listed
Sep 6, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 21, 2012