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Banco Comunal El Milagro Group
In this Group: Maryuri Vanesa, Josmara De Los Angeles, Cony Del Rosario, Candida Del Rosario , Danelia Lisseth, Teofila , Alba Rosa, Maria Josefa , Adelayda , Felipa
The communal bank called El Milagro ["The Miracle"] is made up of Adelayda, Maryuri Vanesa, Josmara De Los Ángeles, Cony Del Rosario, Cándida Rosa, Danelia Lisseth, Teófila, Alba Rosa, María Josefa and Felipa. They all have different businesses and have decided to unite in order to request a loan to help them improve their businesses. Adelayda sells used clothing. She has had part of her business in her home for over 10 years, but she also goes out to sell in street markets. For this reason she is requesting this loan for the purchase of pants, shirts, skirts, shorts, loose shirts and dresses.
View original language description ↓
El banco comunal llamado El Milagro está conformado por Adelayda, Maryuri Vanesa, Josmara De Los Ángeles, Cony Del Rosario, Cándida Rosa, Danelia Lisseth, Teófila, Alba Rosa, María Josefa y Felipa. Todas ellas tienen diferentes actividades económicas y juntas han decidido unirse para, solicitar un crédito que les ayude a mejorar sus negocio. Adelayda se dedica a la venta de ropa usada, desde hace más de 10 años ella tiene parte de su negocio en su vivienda pero también sale a vender de manera ambulante. Es por eso que solicita este crédito para la compra de pantalones, camisas, faldas, shorts, camisolas y trajes.

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
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $25,075,600
    Funds lent in using Kiva
  • 22.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal El Milagro Group's $1,325 loan helped a member to purchase pants, shirts, skirts, shorts, loose shirts and dresses.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Aug 19, 2011
Sep 7, 2011
Currency Exchange Loss:
Feb 17, 2012