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Las Marias Group
In this Group: Raquel Cristina , Petrona Jeannette, Maria Angelica , Donald Aantonio , Jose Maria , Maria Maribel , Julia , Alma Lizeth, Maria Inez, Mauda Jose

Update on Las Marias Group

The “Las Marías” communal bank has 10 members: Alma Lizeth, María Angélica, José María, Eugenia Estela, María Inés, Petrona Jannette, María Maribel, Paz Julia, Raquel Cristina, Donald Antonio and Mauda José. They are all hard-working, enterprising, and tenacious who very much want to get ahead.

María Angélica is the communal bank coordinator; she’s in charge of the good coordination among bank members. María Angélica’s economic activity is selling used clothes; she buys large bundles of children’s and adults’ clothes.
View original language description ↓
El banco comunal las marias esta conformado por 10 integrantes las cuales son: Alma Lizeth, Maria Angelica, Jose Maria, Maria Ines, Petrona Jannette, Maria Maribel, Paz Julia, Raquel Cristina, Donald Antonio, Mauda Jose. Todas son personas emprendedores, trabajadores, Luchadores , con ganas de superacion personal, Maria Angelica es la cordinadora del banco comunal la cual se encarga de la buena coordinación de las integrantes del banco. Maria Angelica tiene por actividad economica la venta de ropa usada la cual consisten en la compra de pacas de ropa de niños y adultos.

Previous Loan Details

The Communal Bank "Las Marías" is made up of 10 enterprisers that are from the same town. Each one of them has a business in which they offer ideas to improve in their businesses. This group has already had a loan with Fundación León 2000, and they have demonstrated that they are responsible pe... More from Las Marias 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

  • $4,800
    Average annual income
  • 71
    View loans »
    Nicaragua Loans Fundraising
  • $25,383,750
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Marias Group's $2,225 loan helped a member to buy bundles of children and adult clothes.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Jul 23, 2012
Aug 17, 2012
Currency Exchange Loss:
Mar 21, 2013