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Banco Comunal Cristo Nos Guia Group
In this Group: Claudia Ninosca, Norma Elena , Juana Francisca, Juana Esther, Pabla Isabel, Olga Del Carmen , Rosa Elena, Maricela Del Ccarmen , Justina , Juana De Dios , Martha
Cristo Nos Guía Communal Bank is made up by Claudia Ninosca, Norma Elena, Juana Francisca, Juana Esther, Pabla Isabel, Olga, Rosa, Maricela, Justina, Juana and Martha. Justina is a fighter, always trying to find ways to extend her premises. She works selling soup. She started her business over ten years ago. Justina also works doing laundry and ironing every evening because she does not generate enough income. With this loan, she will be able to buy vegetables, meats, lemons, cheese and spoons, among other things.
View original language description ↓
El banco Comunal Cristo Nos Guía está conformado por Claudia Ninosca, Norma Elena, Juana Francisca, Juana Esther, Pabla Isabel, Olga, Rosa, Maricela, Justina, Juana y Martha. Justina es una luchadora que cada día busca la manera de ampliar su local, ella se dedica a la venta de sopa. Desde hace más de 10 años que tiene este negocio, además Justina brinda el servicio de planchar y lavar pues como no obtiene suficientes ingresos tiene que salir todos los días por la tarde a ofrecer este servicio. El motivo del crédito es para la compra de verduras, carnes, limones, queso, cucharas entre otros.

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
  • 145
    View loans »
    Nicaragua Loans Fundraising
  • $24,094,725
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Cristo Nos Guia Group's $1,100 loan helped a member to buy vegetables, meats, lemons, cheese and spoons, among other things.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2011
Listed
Nov 19, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 22, 2012