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Banco Comunal Cristo Rey Group
In this Group: Amparo Del Socorro, Teresa Rosibel, Natividad Del Socorro, Aracelis Del Socorro, Delbi Maria, Alicia Del Socorro, Marcia De Fatima, Carlos Medardo, Petronila

Update on Banco Comunal Cristo Rey Group

The Cristo Rey communal bank includes the following members: Teresa Rosibel, Amparo del Socorro, Natividad del sScorro, Aracelis del Socorro, Marcia Fatima, Alicia del Socorro, Delbis Maria, Carlos and Petronila. They have demonstrated during the course of time they have worked with Leon 2000 that they are responsible, hard-working and solvent with their payments. Amparo del Socorro is the coordinator of the bank. She buys and sells pigs for preparing typical dishes from the area.
View original language description ↓
El banco comunal cristo rey esta conformado por los siguientes miembros: Teresa Rosibel, Amparo del socorro, Natividad del socorro, Aracelis del Socorro, Marcia Fatima, Alicia del Socorro, Delbis Maria, Carlos, Petronila, los cuales han demostrado en el transcurso del tiempo que tiene de trabajar con leon 2000 que son personas responsable, trabajadoras, con solvencia de pago, Amparo del Socorro es la cordinadora del banco ella tiene por actividada economica compra y venta de cerdos para la elaboracion de platillo tipicos de la localidad,

Previous Loan Details

Communal bank Christ King is made up of 10 members and president Amparo Del Socorro. She has been selling pigs and curd for more than 15 years and had four children under her care who have taught her become a hardworking woman. That is why she is requesting the loan with her friends and buy pigs ... More from Banco Comunal Cristo Rey 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
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Cristo Rey Group's $1,275 loan helped a member purchase pigs for preparing typical local dishes.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2012
Listed
Jul 8, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013