Check out some available loans that are similar to this one!
El Triunfo Group
In this Group: Graciela Ramona , Leyla Del Carmen , Amparo Jackeline, Tamara Lourdes , Celso, Maria Jesus , Lucrecia Del Rosario, Aurelia Avigail

Update on El Triunfo Group

The El Triunfo community bank is made up of eight members who all work doing different things. The members are: Graciela, Leyda, Lucrecia, Celso, Maria, Amparo, Imara, and Aurelia.

Leyda del Carmen is the coordinator of the community bank, which means she is in charge of the group meetings and communication among the members. Leyda works making and selling crafts in her community. She will use this loan to purchase primary materials, brushes, paint, clay, pots, and other items.
View original language description ↓
El banco comunal el triunfo esta comformado por 8 integrantes todos tienne actividad economica diferentes los integrantes son: Graciela, Leyda, Lucrecia, Celso, Maria, Amparo, Imara, Aurelia. Leyda del carmen es la coordinadora del banco comunal la cual se encarga de la union del grupo la comunicación la responsabilidad entre todas, Leyda tiene por actividad economica la elaboracion y venta de artesania ubicada en su comunidad, el financiamiento lo quiere la compra de materia prima. Pinceles, pintura, barro, ollas, arcillas. Entre otros.

Previous Loan Details

The communal bank "El Triunfo" [The Triumph] is made up of 9 entrepreneurs who live in the same area where they are from. Each one of the entrepreneurs has their own business. The group's objective is to supply products for their clients and provide a better service. Maria Jesús is an entrepr... More from El Triunfo 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
  • 101
    View loans »
    Nicaragua Loans Fundraising
  • $24,738,450
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Triunfo Group's $1,025 loan helped a member to purchase primary materials, brushes, paint, clay, pots, and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2012
Listed
Jul 20, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012