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Banco Comunal Las Marias Group
In this Group: Maria Angelica , Donal Antonio, Julia, Julia Antonia, Raquel Cristina, Carolina Lizbeth , Jose Maria, Victoria Del Carmen, Meyling Mercedes, Maria Maribel, Petrona Jannet
The communal bank Las Marías was formed through the union of many people. Today there are 11 hardworking, determined, and over all very honest and responsible members. They came together with the goal of growing, not only economically, but also on a personal level. Señora Petrona sells accessories and pastries. She requests the loan in order to purchase purses and plantains, among other items. She thanks you in advance for the opportunities you are offering, since receiving this loan will be of great help to all the people who make up this communal bank.
View original language description ↓
El banco comunal Las Marías se formó con la unión de varias personas. Actualmente está integrado por 11 personas trabajadoras, luchadoras y por sobre todo muy honestas y responsables. Se unieron con el objetivo de crecer no solo económicamente sino también a nivel personal. La señora Petrona se dedica a la venta de ornados y rosquetes. Ella solicita el crédito para la compra de bolsas, maduros, entre otros. Desde ya agradece la oportunidad que esta le brinda, pues de obtener el crédito le será de mucha ayuda para todas las personas que conforman este banco comunal.

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
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,053,975
    Funds lent in using Kiva
  • 22.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Las Marias Group's $1,475 loan helped a member to purchase purses, plantains, and other items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2011
Listed
Sep 15, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012