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Banco Comunal Victoria De David Group
In this Group: Gladys Micaela, Micaela, Mariana Andrea , Juana Paula, Dania Maricela , Norma Del Carmen , Teodora Amparo, Mario Jose

Update on Banco Comunal Victoria De David Group

The communal bank "La Victoria de David" is comprised of eight members (first and middle names):

Mario Jose
Mariana Andrea
Micaela
Gladys Mariela
Norma del Carmen
Juana Paula
Dania Maricela
Teodora Amparo

This is a group of people who are resonsible and hardworking and who are highly motivated to better themselves. Juana Paula is the coordinator of the communal bank and makes her living through operating a home-based grocery store. With the loan proceeds she will buy groceries such as bread, eggs, milk, cream, cheese, beans, sugar, instant soups, soap, detergent, firewood and other products.
View original language description ↓
El banco comunal la victoria de david esta conformado por ocho integrantes los cuales son: Mario Jose, Mariana Andrea, Micaela,Gladys Mariela, Norma del Carmen, Juana Paula, Dania Maricela,Teodora Amparo esta emprendedora se caracterizan por ser responsable, trabajadoras, con ganas de superacion personal, Juana Paula es la cordinadora del banco comunal y tiene por actividad economica una pulperia ubicada en su casa de habitacion con el financiamiento comprara productos de consumo diario como: aceite, pan,huevos, leche, crema, quesos, sopas magi, tiste, leña, frijoles, azucar, jabon, detergente, entre otros.

Previous Loan Details

This communcal bank is called Victoria de David. The group is comprised of nine members and this is their second request for a loan. Mrs. Juana sells general merchandise. She has two children, ages 11 and 7 under her care. Three years ago she started her own business because she needed to ear... More from Banco Comunal Victoria De David 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
  • 65
    View loans »
    Nicaragua Loans Fundraising
  • $23,480,375
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Victoria De David Group's $2,075 loan helped a member to buy oil, bread, eggs, milk, cream, cheese, beans, sugar, instant soups, soap, detergent, firewood and other products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 10, 2012
Listed
Jul 27, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Banco Comunal Victoria De David Group. It was first posted on Kiva on Aug, 2011. Learn More