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De Confianza Los Cerritos Group
In this Group: Dominga Yabett, Alda Maria , Andrea Ramona , Ana Patricia , Juana Francisca , Herminia , Esperanza De La Asuncion, Maria Elisett, Ileana Jose

Update on De Confianza Los Cerritos Group

The "Confianza Los Cerritos" communal bank is made up of nine members. These entrepreneurs are striving to reach their goals, and to grow personally and in their businesses.

The group members have various businesses. Ileana José is a successful entrepreneur. She sells pastries and cakes. She has struggled all her life to succeed, and to provide her children with a better life.

Ileana José has been working with Fundación León 2000 for some time, and now she is again requesting a loan in order to invest in her business. She will buy ingredients for making pastries.
View original language description ↓
El Banco De Confianza Los Cerritos está conformado por 9 integrantes en el cual formaron este grupo de emprendedores que luchan por seguir sus metas y objetivos de crecer con el negocio y en lo personal. La actividad económica de estos integrantes de grupo es diferente. La señora Ileana José es una emprendedora exitosa, ella se dedica a la venta de cosa de hornos, tortas toda la vida ha luchado para salir adelante y brindarle a sus hijos una vida mejor. Ileana José desde hace tiempo está trabajando con Fundación León 2000, ahora está nuevamente solicitando financiamiento para invertir en el negocio comprara materia prima y poder realizar las elaboración de la cosa de horno.

Previous Loan Details

The De Confianza Los Cerritos Communal Bank has 8 members. This group of entrepreneurs are fighting to reach their goals and grow, both personally and as businesspeople. Each member has a different business. Señora Juana Francisca is a successful entrepreneur. She sells bread, pies, and cosa de h... More from De Confianza Los Cerritos 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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,413,450
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of De Confianza Los Cerritos Group's $1,075 loan helped a member to buy ingredients for making pastries.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
May 17, 2012
Jun 14, 2012
Currency Exchange Loss:
Jan 19, 2013