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Nuestra Esperanza Group
In this Group: Lilliam Candida, Yadira Antonia, Juana Epifania , Francisca Milagros , Angela Del Socorro , Maria Ana , Martha Lorena, Martha Lorena
The communal bank NUESTRA ESPERANZA is comprised of eight enterprising women who, through much effort, have created a working tool in order to support their families. This group of entrepreneurs has been working with the Fundación León 2000; and in their first cycle have proven themselves to be responsible, with a perfect credit record. They claim to have increased their merchandise inventory and customers, and are grateful for the support they have received.

Yadira is a member of the group and she sells food out of her home. She is requesting a loan to buy products such as rice, beans, oil, vegetables, bags, firewood and other products she needs to prepare food.
View original language description ↓
El Banco Comunal Nuestra Esperanza está conformado por 8 emprendedoras luchadora que con mucho esfuerzo han creado una herramienta de trabajo para salir adelante junto con su familia. Este grupo de emprendedoras ya han venido trabajando con Fundación León 2000, ya tiene un ciclo en el cual han demostrado ser responsable y con un record crediticio intachable, las emprendedoras nos expresan que han aumentado sus mercaderías y que sus clientes de igual manera, están muy agradecidos por el apoyo que se les ha brindado. Yadira es una emprendedora que es parte de este grupo de emprendedoras, la actividad a la que se dedica es la venta de comida la tiene ubicada en su casa de habitación donde atiende a sus clientes, está solicitando financiamiento para la compras de productos como arroz, frijoles, aceite, verduras, bolsas, leña entre otros productos que requiere para la elaboración de la comida.

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
  • 82
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuestra Esperanza Group's $1,775 loan helped a member to buy rice, beans, oil, vegetables, bags, firewood and other products to make food.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2012
Listed
Mar 24, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012