Check out some available loans that are similar to this one!
Bendicion De Dios Group
In this Group: Anita Magali , Maria Petrona , Abrahan , Maria Isolina, Maura Del Socorro, Martha Lorena , Jeronima Nicolasa , Ana Francisca, Cristina , Maria Mercedes

Update on Bendicion De Dios Group

The Bendicion de Dios communal bank has 10 members. They are Jeronima, Anita, Maura, Abrahan, Maria Mercedes, Cristina, Ana Francisca, Maria and Martha Maria Petrona. Anita is the coordinator of the communal bank. She looks after the good operation and coordination between the members. Anita buys and sells pigs since this is a strong business in the area.
View original language description ↓
El banco comunal Bendicion de Dios esta conformado por 10 integrantes los cuales son: Jeronima, Anita, Maura, Abrahan, Maria Mercedes, Cristina, Ana Francisca, Maria, Martha Maria Petrona, Anita es la cordinadora del banco comunal la cual se encarga del buen funcionamiento y coordinación entre los miembros, anita tiene por actividad economica la compra y venta de cerdo ya que es la actividad fuerte de la zona.

Previous Loan Details

The communal bank Bendición de Dios is made up of 10 entrepreneurs who are from the same community. Each one of them has his own business, and they are united to support one another and motivate each other. This isn’t the first time that this group has asked for a loan to invest in their business... More from Bendicion De Dios 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
  • 97
    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 Bendicion De Dios Group's $1,625 loan helped a member purchase and sell pigs.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 29, 2012
Listed
Jul 10, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Bendicion De Dios Group. It was first posted on Kiva on Jan, 2012. Learn More