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El Buen Pastor Group
In this Group: Maria Isabel , Juan Carlos , Martha , Catalina, Daneysis Yessenia, Ana Patricia, Ana Patricia, Gloria Del Socorro

Update on El Buen Pastor Group

The 'Buen Pastor' (Good Shepherd) community bank has eight members who all have different businesses. They are: Gloria del Socorro, Juan Carlos, Daneysis Yessenia, Ana Patricia, Martha, Maria Isabel, Catalina and Ana Patricia. Daneysis is the group coordinator. She is in charge of ensuring the responsibility and unity of the group's members. Her business is a grocery store which is located in her home. She will use this loan to buy household staples such as rice, sugar, milk, bread, beans and oil.
View original language description ↓
El banco comunal el Buen Pastor esta conformado por 8 integrantes, todos tiene diferentes actividades economicas los integrantes son: Gloria del Socorro, Juan Carlos, Daneysis Yessenia, Ana Patricia, Martha, Maria Isabel, Catalina, Ana Patricia. Daneysis es la cordinadora del banco comunal la cual se encarga de la responsabilidad y union de los integrantes, tiene por actividad economica una pulperia ubicada en su casa de habitacion del financiamiento comprar productos de consumo diario como: arroz, azucar, leche, pan frijoles aceite.

Previous Loan Details

The communal bank is made up of 8 entrepreneurs who have gotten together to forge ahead and support each other by motivating and offering advice for their businesses. This group has worked with Fundación León 2000 for loans before and have shown that they are people with good values and with an ... More from El Buen Pastor 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
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,575,325
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Buen Pastor Group's $1,625 loan helped a member to buy rice, sugar, milk, bread, beans and oil.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2012
Listed
Jul 10, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2013
This photo was used before for a previous loan for El Buen Pastor Group. It was first posted on Kiva on Feb, 2012. Learn More