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Banco Comunal Arca De Noe Group
In this Group: Martha Del Socorro, Marcela Zenayda, Jazmina Del Carmen , Adriana Esperanza, Blanca Nubia, Josefa , Gladis Del Rosario, Deyanira
The Arca De Noé (Noah's Ark) communal bank is made up of Josefa, Marcela Zenayda, Jasmina Del Carmen, Adriana Esperanza, Martha Del Socorro, Blanca Nubia, Gladis Del Rosario and Deyanira. They are very responsible women who enjoy having a way to make a living and move forward.

Martha has sold tortillas for more than six years. Most of her neighbors, friends and relatives know that she offers high-quality tortillas for sale. The loan is for purchasing corn, a comal (tortilla griddle), lime and bags, as well as other items.
View original language description ↓
El banco comunal llamado Arca De Noé está conformado por Josefa, Marcela Zenayda, Jasmina Del Carmen, Adriana Esperanza, Martha Del Socorro, Blanca Nubia, Gladis Del Rosario y Deyanira. Ellas son mujeres muy responsables que disfrutan de obtener un medio de vida para salir adelante. En el caso de Martha se dedica a la venta de tortillas, desde hace más de 6 años, que la mayoría de sus vecinos, amigos y familiares saben la buena calidad de tortillas que ofrece. El financiamiento es para la compra de maíz, comal, cal, bolsas entre otros.

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
  • 117
    View loans »
    Nicaragua Loans Fundraising
  • $23,803,950
    Funds lent in using Kiva
  • 22.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Arca De Noe Group's $1,425 loan helped a member to buy corn, lime, a comal (tortilla griddle), bags and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2011
Listed
Sep 8, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011