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Fe Y Esperanza Group
In this Group: Candida Rosa, Heyling Del Pilar, Magali Mercedes, Elieth Maria, Maria Del Socorro, Maria Candelaria, Maria Mercedes, Juana, Yudis Dayana, Rosa Emilia, Gloria Isabel
The “Fe y Esperanza” [Faith and Hope] communal bank is comprised of 11 members, Maria Mercedes, Juana Rayo, Yudis Dayana, Rosa Emilia, Gloria Isabel, Candida Rosa, Heyling del Pilar, Magali Mercedes, Elieth Maria, Maria del Socorro, and Maria Candelaria. All of them have different business activities.

Gloria Isabel is the coordinator of the bank. She is in charge of ensuring the responsibility and unity of all of the members of the communal bank. Her business activity is a grocery store.

The loan that she is now requesting is to buy daily consumption products like rice, beans, sugar, cooking oil, eggs, “tiste” [a drink made from either rice or corn with cocoa], bread, milk, and matches, among others.
View original language description ↓
EL banco comunal Fe y esparanza esta conformado por 11 integrantes que son Maria Mercedes, Juana Rayo, Yudis Dayana, Rosa Emilia, Gloria Isabel, Candida Rosa, Heyling del Pilar, Magali Mercedes, Elieth Maria, Maria del Socorro, Maria Candelaria. Todas tienen actividades economicas diferentes, Gloria Isabel es la cordinadora del banco la cual se encarga de la responsabilidad y unidad de todos los integrantes del banco comunal, tiene por actividad economica una pulperia, en la actualidad el financiamiento lo esta solicitando para comprar productos de consumo diario como: arroz, frijoles, azucar, aceite, huevos, tiste, pan, leche, fosforos, 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
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $23,621,150
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Fe Y Esperanza Group's $2,025 loan helped a member to buy rice, beans, sugar, cooking oil, eggs, “tiste” [a drink made from either rice or corn with cocoa], bread, milk, and matches, among others.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2012
Listed
Aug 12, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012