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Banco Comunal Amor De Mujeres Group
In this Group: Danelia , Otilia Maryini, Jeyling Josefa, Socorro De La Concepcion, Gertrudis Del Socorro, Oneyda De La Cruz, Ana Julia , Meylin Del Socorro, Lourdes Cecilia, Migdania, Telma, Reyna Rafaela , Yalma , Martha Lorena, Ana Francisca
Socorro, 63, is one of the members of the Amor de Mujeres community bank. She has 6 children, all of whom she supports. She has operated a business making and selling tortillas for 18 years. She operates her shop, called Las Mojarras, from her house. This is her first loan and she will use it to buy maize, quicklime, firewood, bags and other kitchen supplies that she needs for the business. The loan will help her to increase the income she needs to support her family. She also wants to make improvements to her house. The other members of the group have various businesses and, like Socorro, are grateful for the help the bank provides. The members of the group are: Danelia, Otilia, Jeyling, Socorro, Gertrudis, Oneyda, Ana, Meylin, Lourdes, Migdania, Telma, Reyna, Yalma, Martha and Ana.
View original language description ↓
Socorro es una de las integrantes de Banco solidario Amor De Mujeres, tiene 63 años tiene 6 hijos bajo su cargo, ella se dedica a la venta y elaboración de tortillas, desde hace mas de 18 años, su comarca se llama las mojarras en donde trabaja en su propia vivienda. Este es el primer crédito que solicita para la compra de maíz, cal, leña, bolsas, servilletas entre otros productos. Ya que le permitirá generar ingresos para aportar al hogar y tiene como meta proporcionarle mejoras a su vivienda. Al igual que Socorro las otras integrantes del grupo se encuentran muy contentas por este financiamiento ya que cada una de ellas tiene diferentes negocios. En este banco comunal se encuentran Danelia, Otilia, Jeyling, Socorro, Gertrudis, Oneyda, Ana, Meylin, Lourdes, Migdania, Telma, Reyna, Yalma, Martha y Ana.

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
  • 97
    View loans »
    Nicaragua Loans Fundraising
  • $24,386,550
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Amor De Mujeres Group's $1,800 loan helped a member to buy supplies for her food-sales business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 7, 2011
Listed
Oct 31, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012