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Cristo Nos Guia Group
In this Group: Olga Del Carmen, Maricela Del Carmen , Juana De Dios , Juana Esther, Claudia Ninosca , Martha , Norma Elena , Juana Francisca , Angela Del Rosario , Justina , Pabla Isabel
The “Cristo Nos Guía” [God Guides Us] communal bank is made up of 11 enterprising women who have previously worked with Fundación León 2000. These entrepreneurs express that with the support it provides them they have increased their merchandise and have new customers. These women are hardworking and have a desire to get ahead, personally and in each of their businesses. Olga Del Carmen is a enterprising woman who is part of the this group. Her business is selling tortillas. She is requesting the loan to buy products such as corn, lime, and firewood, among other products, for making tortillas.
View original language description ↓
El Banco Comunal Cristo Nos Guía, está conformado por 11 emprendedoras que ya han venido trabajando con Fundación León 2000 en el cual estas emprendedoras expresan que con el apoyo que se les ha brindado han aumentado su mercadería y tienen nuevos clientes. Estas emprendedoras son luchadoras y con unas de ganas de superación a nivel personal y en cada uno de sus negocios que poseen. Olga Del Carmen es una emprendedora parte de este grupo, su actividad a la que se dedica es la venta de tortilla ella actualmente está solicitando financiamiento para la comprar productos como maíz, cal leña y otros productos para la elaboración de las tortillas.

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
  • 172
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,825
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Cristo Nos Guia Group's $1,250 loan helped a member to buy corn, lime, firewood, and other products for making tortillas.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2012
Listed
Mar 23, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012