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Luz Divina Group
In this Group: Emelina, Maria Ines, Maria Mercedes, Oscar Danilo, Marcia Ramona, Angela Benita, Liliana Amparo, Nubia
The community bank Luz Divina (Divine Light) is made up of 8 members: Emelina, Maria Ines, Maria Mercedes, Oscar Danilo, Marcia Ramona, Angela Benita, Liliana Amparo and Nubia. Nubia is the group coordinator, and operates a convenience store located in a room of her house.

She plans to invest the support from this loan in the purchase of staple products for resale in her store, such as: rice, beans, sugar, oil, bread, milk, sodas, pastas, condiments, ice and other products.
View original language description ↓
El banco comunal Luz Diviana esta conformado por 8 intregrantes los cuales son: Emelina, Maria Ines, Maria Mercedes, Oscar Danilo, Marcia Ramona, Angela Benita, Liliana Amparo, Nubia, Nubia es la cordinadora del banco comunal la cual tiene por actividad economica una pulperia ubicada en su casa de habitacion el financiamiento lo quiere para invertir en compra de consumo diario como: arroz, frijoles, azucar, aceite, tiste, pan, leche, gaseosas, pastas, condimentos, hielos, entre otros.

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).

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
  • 149
    View loans »
    Nicaragua Loans Fundraising
  • $23,163,975
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz Divina Group's $850 loan helped a member to purchase rice, beans, sugar, oil, bread, milk, sodas, pastas, condiments, ice and other products.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2012
Listed
Jul 27, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012