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Estrella De Belen Group
In this Group: Yudit Del Socorro, Jessica Janeth, Corina Ninoska, Christian Jorge, Francisca Yanet, Rosibel Anastacia, Marileth Del Socorro, Julissa Yajaira, Jerry Massiel
The community bank "Estrella de Belén" is made up of nine members: Judit, Jessica, Corina, Cristian, Francisca, Rosibel, Marileth, Julissa, and Jerry, each with different economic activities. Judit has a small store as her business, which she has been running for the past three years. The loan she is asking for is to invest in her business and buy daily staples like rice, beans, salt, sugar, bread, eggs, cookies, and tiste (a traditional sweetened cornmeal and chocolate beverage) among other products.
View original language description ↓
Banco Comunal estrella de belén está conformado por nueve integrantes yudit, Jessica, corina, Cristian, francisca, rosibel, marileth, julissa, Jerry, todas con diferente actividades económicas, yudit tiene por actividad económica una pulpería desde hace tres años el financiamiento lo está solicitando para invertir en su negocio y comprar productos de consumo diario como : arroz, frijoles, sal, azúcar, pan, huevos, galletas, tiste entre otros.

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).

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

  • $3,636
    Average annual income
  • 172
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Estrella De Belen Group's $1,025 loan helped a member to buy rice, beans, salt, sugar, bread, eggs, cookies, and tiste (a traditional drink) among other items.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2012
Listed
Jun 28, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012