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Banco Comunal La Esperanza Group
In this Group: Kenia Lizett, Candelaria, Bernabela Del Carmen, Tomasa Antonia, Audelia De Jesus, Silvia Elena , Azucena, Santos Ramona, Yadira Del Socorro, Normalina , Rosa , Reyna Del Socorro *
* not pictured

Update on Banco Comunal La Esperanza Group

The Communal Bank "La Esperanza" (The Hope) consists of 12 members, all of whom engage in different business activities that enable them to support one another. They previously took out a loan with Fundación León 2000 and have demonstrated that they are hardworking and responsible. The president of this group motivates her members to continue forward with their businesses so that they can generate income for their families.

Reyna del Socorro is a member of this group. She sells "hornados" (whole plantains served with curds). Reyna conducts her business as a street vendor in the town where she lives. She is currently requesting a loan to buy supplies so that she can increase her business.

View original language description ↓
El Banco Comunal La Esperanza está conformado por 12 integrantes todas con diferentes actividades económica las cuales se apoyan mutuamente anteriormente han tenido crédito con Fundación León 2000 y han demostrado que son trabajadoras, responsable, trabajadoras presidenta de este grupo los motiva para que sigan adelante con sus negocios y generar ingresos a la familia. Reyna del Socorro es parte del grupo en el cual su actividad económica es la venta de hornados ( que significa plátanos entero con cuajadas), esta actividad la realiza de forma ambulante en la localidad donde ella habita. Actualmente está solicitando crédito para comprar materia prima y poder incrementar el negocio.

Previous Loan Details

Kenia Lizett is the president of the communal bank "La Esperanza." The members Reyna Del Socorro, Candelaria, Bernabela, Tomasa Antonia, Audelia, Silvia Elena, Azucena, Santos Ramona, Yadira Del Socorro, Normalina and Rosa all have different economic activities. Lizett has a business selling sh... More from Banco Comunal 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
  • 65
    View loans »
    Nicaragua Loans Fundraising
  • $25,382,700
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal La Esperanza Group's $1,650 loan helped a member to buy supplies.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
May 21, 2012
Jun 13, 2012
Currency Exchange Loss:
Jan 19, 2013