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El Señor Es Mi Rey Group
In this Group: Vilma De La Cruz, Eylen Ana, Candelaria Del Socorro, Roger Antonio , Melba Rosa, Milena Del Socorro, Maria De Jesus , Heydi Johana, Aura Elena, Elda Merali, Damaris, Heisel Maryuris

Update on El Señor Es Mi Rey Group

El Señor es mi Rey communal bank is made up of 12 members, Damaris, Maryuris, Merali, Aura, Maria Jesús, Heydi, Melba, Milena, Vilma, Roger, Candelaria. They all do different economic activities and they all support each other. Melba is the coordinator of the group; she sells and raises pigs in her community's locality. The loan is to buy and sell pigs to satisfy her customers.
View original language description ↓
El banco comunal el Sr es mi rey esta conformado por 12 integrantes, Damaris, Maryuris, Merali, Aura, Maria Jesús, Heydi, Melba, Milena,Vilma, Roger, Candelaria. Todas tienen actividades económicas diferentes, todas se apoyan mutuamente, Melba es la coordinadora del grupo ella tiene por actividad económica la venta y crianza de cerdos en la localidad de su comunidad. El financiamiento es para comprar y vender cerdos para la sasficaccion de su clientela.

Previous Loan Details

The ‘El Señor es mi Rey’ bank is made up of entrepreneurs who are struggling on a day-to-day basis to get ahead with their businesses. The bank has 11 members; each of them has a different type of business, but they have a shared desire to grow and invest in their respective businesses. The pre... More from El Señor Es Mi Rey 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
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,832,275
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Señor Es Mi Rey Group's $2,175 loan helped a member to buy, sell and market pigs.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2012
Listed
Jun 10, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012