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Banco Comunal Corazon De Jesus Group
In this Group: Maria Elsa , Alejandro De Jesus, Dominga Del Socorro, Maria Francisca, Rosa Matilde , Juana Victoria, Liduvina, Erlinda Del Carmen, Melida Del Socorro, Dorotea Del Carmen, Teresita De Jesus

Update on Banco Comunal Corazon De Jesus Group

The Corazón de Jesús communal bank has 11 members, Melida, Dorotea, Teresita, Erlinda, Maria, Alejandro, Domina, Maria, Rosa, Juana, and Liduvina. All of them have different business activities.

Melida is the coordinator of the communal bank. She is in charge of the communication, and she is responsible for the group. She has a grocery store located in her house. She is requesting the loan to buy basic consumable products like cooking oil, sugar, beans, rice, bread, dairy products, and vegetables, among others.
View original language description ↓
El banco comunal corazon de jesus tiene 11 intregrante, Melida, Dorotea, teresita, erlinda, maria, Alejandro, Dominga,Maria, Rosa, Juana, Liduvina, todos tiene actividades economicas diferentes, Melida es la cordinadora de la asociacion comunal la cual se encarga de la comunicación y resposabildiad del grupo ella tine por actividad economica una pulperia ubica en su casa de habitacion, esta solicitando el financiamiento para la compra de productos de consumo diario como: aceite, azucar, frijoles, arroz, pan, productos lacteos, verduras, entre otros.

Previous Loan Details

The “Corazón De Jesús” (Heart of Jesus) Communal Bank was born with the intention of improving their business activities. This group set their main objective to be the growth, as much social as economical, of each one of them. All of them are recognized in their area. Dominga is an enterpris... More from Banco Comunal Corazon De Jesus 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

  • $3,636
    Average annual income
  • 101
    View loans »
    Nicaragua Loans Fundraising
  • $24,397,050
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A portion of Banco Comunal Corazon De Jesus Group's $1,975 loan helped a member to buy cooking oil, sugar, beans, rice, bread, dairy products, and vegetables, among others.
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2012
Listed
Jul 12, 2012
Currency Exchange Loss:
Possible
Expired:
Aug 11, 2012