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Mi Bendicion Group
In this Group: Leyda Maria , Maria Eusebia , Teresa De Jesus , Sabina , Martha Lorena , Jefry Antonio , Karla Damaris , Maria De Los Angeles, Alba Jiomar

Update on Mi Bendicion Group

The communal bank Mi Bendicion (“My Blessing”) is comprised of the following members: Leyda María, María de los Ángeles, Sabina, Teresa Jesús, Martha Lorena, Jerry Antonio, Karla Damaris, Alba Jiomar and María Eusebia.

These entrepreneurs started their businesses through their own hard work and now thanks to the support that Fundación León 2000 has provided them with they have been able to make their businesses thrive.

Maria de los Angeles is the president of the communal bank who is in charge of ensuring that it functions well and that each of the members is responsible and pays their debts. Maria de los Angeles earns her living by way of a general store located in her own house. She is asking for a loan to buy products for daily consumption such as milk, bread, beans, rice, sugar, oil, fresh product and vegetables
View original language description ↓
El banco comunal mi bendición esta conformado por la siguiente integrante Leyda María, María de los Ángeles, Sabina, Teresa Jesús, Martha Lorena, Jerry Antonio, Karla Damaris, Alba Jiomar, María Eusebia. Estas emprendedoras iniciaron sus actividades económica con esfuerzo propio, en la actualidad gracias al apoyo que fundación león 2000 le ha brindado es que han podido prosperar sus negocio, María de los ángeles es la presidenta del banco comunal la cual se encarga del buen funcionamiento, responsabilidad, cumplimiento de los integrantes del mismo, María de los ángeles tiene por actividad económica una pulpería ubicada en su casa de habitación la cual está solicitando el financiamiento para invertir el productos de consumo diario del hogar como: leche, pan, frijoles, arroz, azucar,aceite, fresco naturales, verduras , entre otros.

Previous Loan Details

The "Mi Bendición" ["My Blessing"] communal bank is made up of nine members who have been working with Fundación León 2000. During their credit period, this group of entrepreneurs has demonstrated that they are very responsible and have motivation for growth. This group support each other with ... More from Mi Bendicion 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
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $25,383,750
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Mi Bendicion Group's $1,325 loan helped a member to buy, amongst other things,milk, bread, beans, rice, sugar, oil, fresh produce and vegetables.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 27, 2012
Jul 8, 2012
Currency Exchange Loss:
Jan 19, 2013
This photo was used before for a previous loan for Mi Bendicion Group. It was first posted on Kiva on Feb, 2012. Learn More