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Mujeres De Confianza Group
In this Group: Lisbeth Isabel, Leoncia Isabel , Reyna Isabel, Blanca Beligna, Maria Antonia, Rosa Eufemia, Maria Ofelia, Inocencia Iris

Update on Mujeres De Confianza Group

The Communal Bank "Mujeres de Confianza" (Women of Trust) consists of eight members. This group has maintained unity from the time they started. They support and motivate one another to get ahead in each of their businesses, and to improve their quality of life.


Reyna Isabel is part of this group. Her business activity involves managing a store. The loan she is requesting will be invested in her business by purchasing basic grains, oil, soap, sugar, sodas, plastic bags, detergents, and other products that are demanded by her customers.

View original language description ↓
El Banco Comunal mujeres de confianza está conformado por 8 integrantes ,grupo se mantiene unido desde que se formaron, ellos mismo se apoyan y se motivan para salir adelante y mejorar su calidad de vida y sobre todo en cada uno de los negocios que tienen cada uno de ellos. Reyna Isabel es parte de este grupo en cual su actividad económica a la que se dedica es a una pulpería y está solicitando crédito para invertir en el negocio en la compra de granos básicos, aceite, Jabón, azúcar, gaseosas, bolsas plásticas , detergente entre otros productos que demanda sus clientes.

Previous Loan Details

The communal bank has nine members and this isn’t the first time they’ve requested credit. The group has stayed together since it was formed. They themselves support and motivate each other to get ahead and improve their quality of life especially in each of their businesses. Lizbeth is ... More from Mujeres De Confianza Group's previous loan »

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).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 100
    View loans »
    Nicaragua Loans Fundraising
  • $24,800,300
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres De Confianza Group's $600 loan helped a member to buy basic grains, oil, soap, sugar, sodas, plastic bags, detergents, and other products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2012
Listed
May 23, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012