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Mi Dios Es Mi Fortaleza Group
In this Group: Claudia Esther, Basilisa, Matilde Del Socorro, Thelma, Neuda Lucia , Ventura Del Socorro, Juana Patricia , Silvia De Los Angeles , Natividad Mercedes , Octasis Filomena*, Benita Elieth*
* not pictured

Update on Mi Dios Es Mi Fortaleza Group

The “Mi Dios es Mi Fortaleza” (My God Is My Strength) communal bank’s members are: Claudia, Basilisa, Matilde, Thelma, Neuda, Socorro, Juana, Silvia, Mercedes, Filomena and Benita.

These entrepreneurs have different work tools but they’ve shown themselves to be responsible, hardworking with a strong drive for self-improvement.

For example, Juana’s economic activity is crafts. The reason for the loan is to buy watercolors, brushes and clay to make crafts.

Another group member is Claudia who owns a grocery store located at home that allows her to meet her obligations and provide what’s necessary for her home.

The reason for the loan is to buy basic staple items like rice, sugar, oil, soap, detergent, salt, ‘tiste’ [ground cocoa powder mixed with corn], ice and matches among others.
View original language description ↓
El Banco comunal Mi Dios es Mi Fortaleza está conformado por Claudia, Basilisa,Matilde,Thelma,Neuda,Socorro,Juana,Silvia,Mercedes,Filomena,Benita Estas emprendedoras tiene herramientas de trabajo diferente pero han demostrado ser responsables , trabajadoras, con ganas de superación personal, por ejemplo Juana su actividad económica es la Artesanía El motivo del crédito es para la compra de acuarela, pínceles, Barro para la elaboración de la artesanía entre otros.

Previous Loan Details

The communal bank “Mi Dios Es Mi Fortaleza” [My God is my Strength] is made up of 10 entrepreneurs that came together to support and encourage each other and to help each business owned by the members to get ahead. This communal bank has been working with Fundación León, which has provided them l... More from Mi Dios Es Mi Fortaleza 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
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $24,544,375
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Mi Dios Es Mi Fortaleza Group's $3,175 loan helped a member to buy crafts supplies and stock merchandise among others.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2012
Listed
Jun 28, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012