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Banco Comunal Revelacion En Dios Group
In this Group: Maria , Juana Gloria , Diana Isabel , Benita Concepcion , Maria Del Carmen, Juan Jose , Hilda De Jesus , Martha Briselba
Maria, Juana, Diana, Benita, Maria del Carmen, Hilda, Martha y Juan José are the members of the "Revelación En Dios" communal bank. They want to obtain a loan, in order to work, and to be able to increase their businesses.

María del Carmen sells stuffed tamales, and needs to buy corn, sweet filling, curds, sugar and other ingredients. This is so that she can support her family, as María del Carmen is a person who is devoted to her work.

The challenge the communal bank faces, is that they don't have enough working capital to keep their businesses going.
View original language description ↓
Maria, Juana, Diana, Benita, Maria del Carmen, Hilda, Martha y Juan José conforman el banco comunal Revelación En Dios. Estas personas quieren obtener el crédito para trabajar y poder incrementar el negocio. Maria Del Carmen se dedica a la venta de tamales rellenos y necesita comprar maíz, dulce, cuajada, azúcar y otros. Para a si poder mantener a su familia ya que Maria del Carmen es una señora dedicada a su trabajo. El desafío que enfrenta este banco comunal es que no tienen un capital suficiente para seguir trabajando.

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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,053,975
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Revelacion En Dios Group's $800 loan helped a member to buy corn, sweet filling, curds, sugar, and other ingredients.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2011
Listed
Nov 22, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 24, 2012