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La Esperanza Group
In this Group: Martha Lorena, Maria Elena , Josefa Catalina, Rosa

Update on La Esperanza Group

The solidarity group “La Esperanza” (The Hope) consists of Josefa Catalina, Martha Lorena, Maria Elena, and Rosa.

Rosa has her own business managing a small grocery store. She was able to start her business with her own efforts. She needs the loan to invest in her business with the purchase of items such as grains, detergent, soap, eggs, vegetables, fruits, matches, and candles, among other things.
View original language description ↓
El Grupo solidario La Esperanza está compuesto por Josefa Catalina, Martha Lorena, María Elena y Rosa la cual tiene su negocio que es pulpería esta actividad inicio con esfuerzos propios el crédito lo necesita para invertir en capital de trabajo como la compra de granos básicos, detergente, jabón, huevos, verduras, frutas, fosforo, candelas , entre otros.

Previous Loan Details

The solidarity group “La Esperanza” (The Hope) consists of Josefa Catalina, Martha Lorena, Martha Elena, Martha, and Rosa. For more than five years, Josefa has been managing a business in which she sells cosmetics. She was able to start her business through her own efforts even though things... More from La Esperanza 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
  • 76
    View loans »
    Nicaragua Loans Fundraising
  • $25,417,550
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Group's $850 loan helped a member to buy grains, detergent, soap, eggs, vegetables, fruits, matches, and candles, among other things.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Apr 27, 2012
May 31, 2012
Currency Exchange Loss:
Apr 18, 2013