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Banco Comunal Nuestra Esperanza Group
In this Group: Francica Milagros, Martha Lorena, Martha Lorena, Lilliam Candida, Maria Ana, Angela Del Socorro, Juana Epifania, Yadira Antonia
This communal bank is called "Nuestra Esperanza" and it is comprised of eight entrepreneurs who have different business activities. Mrs. Ángela sells tortillas from home and every day works hard to put food on the table for her family. Her goals are to expand the business and renovate her sales location. She and the other members are excited about their loan. This one will be used to buy corn, fireword, an earthenware pan, bags and napkins, among other items.
View original language description ↓
Éste banco comunal se llama Nuestra Esperanza, lo conforman 8 emprendedores, quienes se dedican a diferentes actividades la señora Ángela se dedica a la venta de tortillas, sus ventas las realiza desde su casa todos los días realiza un arduo trabajo para proporcionarle a su familia los el alimento diario. Sus metas son expandir su negocio realizarle mejoras a su local, tanto ella como las demás socias están muy entusiasmadas con este crédito que cada una de ellas realizara. El motivo del crédito es para la compra de maíz, leña, comal, bolsas, servilletas entre otros productos.

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
  • 132
    View loans »
    Nicaragua Loans Fundraising
  • $24,558,975
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Nuestra Esperanza Group's $925 loan helped a member to buy corn, firewood, an earthenware pan, bags, napkins.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2011
Listed
Oct 21, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012