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Banco Comunal Dios Me Fortalece Group
In this Group: Jacinta Del Socorro, Paula Victoria, Ana Francisca, Marcela Del Carmen, Manuel Maria, Amada Jessenia, Isolda Mercedes, Ines, Teresa, Mercedes Petrona, Jairo
Jacinta Del Socoro, Paula Victoria, Ana Francisca, Marcela Del Carmen, Manuel Maria, Amada Jessenia, Isolda Mercedes, Ines, Teresa, Mercedes Petrona and Jairo are members of the Dios Me Fortalece communal bank. . Isolda is the president and she makes and sells handicrafts. It is admirable the way she puts so much effort into her business every day and is always looking for a way to develop more ideas to increase her production and the income for her household. She has 4 young children in her care.

The loan will be used to buy paint, ceramics, clay, brushes, and to pay to transport the products. She and the other members feel very happy with this financing that will help them improve their businesses.
View original language description ↓
El Banco Comunal Dios Me Fortalece sus integrantes son Jacinta Del Socoro, Paula Victoria, Ana Francisca, Marcela Del Carmen, Manuel Maria, Amada Jessenia, Isolda Mercedes, Ines, Teresa, Mercedes Petrona y Jairo. Isolda es la presidenta del grupo ella se dedica a la venta y elaboración de artesanía, el empeño que dedica cada día en su negocio es muy envidiable, pues siempre está buscando la forma de desarrollar más ideas para aumentar su producción y las ganancias para su hogar. Ella tiene 4 hijos menores de edad a su cargo. El motivo del crédito es para la compra de pintura, cerámica, barro, pinceles y pagar el transporte de sus productos. Ella y las otras socias se sienten muy contentas con este crédito que le ayudara para mejorar 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
  • 173
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Dios Me Fortalece Group's $1,425 loan helped a member to buy paint, ceramics, clay, brushes and to pay for the transportation of the products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2011
Listed
Sep 30, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2012