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En Diosn Confiamos Group
In this Group: Yadrira Del Carmen , Dora Maria , Marlene, Maria Matilde, Onan, Maria Cecilia, Brenda De Los Angeles, Agustina , Luisa Johanna, Benita Teodora

Update on En Diosn Confiamos Group

The communal bank En Dios Confiamos ("In God We Trust") is made up of Yanira, María Matilde, Agustina de la Concepción, Doran María, Brenda de los Angeles, Onan, Luisa, Marlene, María Cecilia, and Benita Teodora. These entrepreneurs have different tools for work but they have proven to be responsible, hard-working, and with the desire for personal success.

Yanira has had a small store for several years that she started because of her need to be economically independent and thus to help her family.

Another member of the bank, Benita, works in the sale of cosmetics. This business allows her to pay her obligations and also to purchase necessities for her home. She has two minor children in her care. Her goal is to purchase general merchandise that her customers want in greater volume so that she can offer a greater variety of products. The purpose of the loan is to buy lipstick, creams, treatments, perfumes, and colognes, among other products.
View original language description ↓
El Banco comunal En Dios Confiamos está conformado por Yanira, María Matilde, Agustina de la concepción, Doran María, Brenda de los Angeles,Onan,Luisa, Marlene, María Cecilia, Benita Teodora. Estas emprendedoras tiene herramientas de trabajo diferente pero ha demostrado ser responsable , trabajadoras, con ganas de superación personal, Yanira tiene una pulpería desde hace varios años la cual inicio por la necesitad de ser independiente económicamente, y asi poder ayudar a su familia Otra de las integrantes del banco Benita se dedica a la venta de cosméticos, este negocio le permite sufragar obligaciones y además de proveer lo necesario a su hogar. Tiene 2 hijos menores de edad a su cargo, su meta es comprar en mayor volumen mercadería en general que le encargan, para ofrecer a sus clientes una gran variedad de productos. el motivo del crédito es para la compra de lápiz labial, cremas, tratamientos, perfumes, colonias, entre otros productos.

Previous Loan Details

The communal bank 'In God We Trust' is comprised of 10 entrepreneurs who strive day by day to get ahead with their businesses. Their objective is to see their businesses well supplied. This group has already had financing from Fundación León 2000. In the previous loan that they were offered, th... More from En Diosn Confiamos 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
  • 62
    View loans »
    Nicaragua Loans Fundraising
  • $25,382,700
    Funds lent in using Kiva
  • 23.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of En Diosn Confiamos Group's $2,675 loan helped a member to buy lipstick, creams, treatments, perfumes, and colognes, among other products.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
May 3, 2012
Jun 5, 2012
Currency Exchange Loss:
Nov 15, 2012
This photo was used before for a previous loan for En Diosn Confiamos Group. It was first posted on Kiva on Jan, 2012. Learn More