The 'Las Ovejas de Cristo' community bank has 10 members who are all hard-working, responsible, tenacious people. They joined together through the need that they had to have work in order to make income for their families. The members are: Erika Patricia, Cristina, Claudia Vanessa, Reyna Elizabeth, Pablo Mariano, Mariela Mercedes, Constancia Amparo, Santos Javier and Mercedes. Constancia Amparo is the group coordinator and she is in charge of ensuring the smooth running of the group and the responsibility of its members. Constancia Amparo's business is making tortillas. She is requesting a loan to buy corn, firewood, a tortilla pan, lime, etc.
El Banco Comunal la Ovejas de Cristo esta conformado por 10 intregrantes todos son personas, trabajadoras, responsables,luchadoras, los cuales se agruparon por la necesidad que tenian de tener una herramienta de trabajo para tener un ingresos para sus familias, las integrantes son: Erika Patricia Cristina, Claudia Vanessa, Reyna Elizabeth, Pablo Mariano, Mariela Mercedes, Constancia Amparo, Santos Javier Mercedes, Contancia Amparo es la cordinadora del banco la cual se encarga del bue funcionamiento y responsabilidad de los integrantes, Constancia Amparo tiene por actividad economica la elaboracion de tortillas, por la tanto esta solicitando el financiamiento para comprar : Maiz, leña, comal, cal, entre otros.
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).
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.