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Banco Comunal Divino Niño Group
In this Group: Alba Justina, Modesta, Lucia, Rene Antonio, Gregoria, Telma, Jardiel Calixto, Valentina, Doraldina
Alba Justina is 45 years old and a member of the Communal Bank “Divino Niño” (Divine Child). Joining Alba in this group are Modesta, Lucia, René, Gregoria, Telma, Jardiel, Valentina, and Doraldina.

Alba manages a store. Most of her customers come to buy a variety of products that she offers such as basic grains, detergents, candy, soft drinks, soups, matches, toilet paper, and bread. In addition, the service she provides to her customers is done with great care.

The remaining members also have their own businesses in various areas. For this reason, they have joined together to secure a loan so that they can buy supplies.

View original language description ↓
Alba Justina tiene 45 años, ella forma parte del banco comunal Divino Niño. Quienes además de Alba están Modesta, Lucia, René, Gregoria, Telma, Jardiel, Valentina y Doraldina. Alba se dedica a una pulpería la mayoría de sus clientes llegan a comprar la variedad de productos que ofrece como es granos básicos, detergentes, golosinas, refrescos, sopas, fósforos, papel higiénico y pan además el servicio que le brinda a sus clientes es esmerado. Las demás socias también tienen sus diferentes negocios, es por eso que se han unido para realizar el financiamiento que será utilizado para la compra de materia prima.

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
  • 103
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Divino Niño Group's $1,700 loan helped a member to buy basic grains, detergents, candy, soft drinks, soups, matches, toilet paper, and bread.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 19, 2011
Nov 5, 2011
Currency Exchange Loss:
May 15, 2012