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Divino Niño Sauce Group
In this Group: Gloria Elena, Maria Del Socorro, Kenia Vanessa, Luisa Emilia, Daniel De Jesus, Liduvina Del Socorro, Rosibel Del Carmen, Rosa Emelida
The 'Divine Child' Communal Bank is comprised of 8 members which are: Gloria Elena, Maria del Socorro, Kenia Vanessa, Luisa Emilia, Daniel de Jesus, Liduvina del Socorro, Rosibel del Carmen, Rosa Melida. All proved to be responsible, hardworking, and willing to overcome personal. Liduvina del Socorro is the coordinator of the bank. She has a grocery store located in her home where she sells dairy products such as soap, detergents, toothpaste, matches, ice, tiste (a typical corn-based beverage with sugar, cacao, and cinnamon), rice, beans, sugar, oil, flour, vegetables, fruits, bread, eggs, cheese, and creams, among other things.
View original language description ↓
El banco comunal divino niño esta conformado por 8 integrantes los cuales son: Gloria Elena, Maria del Socorro, Kenia Vanessa, Luisa Emilia, Daniel de Jesus, Liduvina del Socorro, Rosibel del Carmen, Rosa Melida. Todas ha demostrado ser personas responsables, trabajadoras, con ganas de superacion personal, Liduvina del socorro es la cordinadora del banco ella tiene por actividad economica una pulperia ubicada en su casa de habitacion la cual vende productos de consumo diario como: jabon, detergentes, pasta dental, fosforos, hielos, tiste, arroz, frijoles, azucar, aceite, harinas, verduras, frutas, pan, huevos queso, cremas, 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
  • 144
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Divino Niño Sauce Group's $975 loan helped a member to buy soap, detergents, toothpaste, matches, ice, tiste, rice, beans, sugar, oil, flour, vegetables, fruits, bread, eggs, cheese, creams, etc.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2012
Listed
Jul 27, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012