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Cristo Nos Guia Group
In this Group: Olga Del Carmen, Maricela Del Carmen , Juana De Dios , Martha , Norma Elena , Juana Francisca , Angela Del Rosario , Justina , Pabla Isabel , Raquel Veronica, Lisbeth Lucia

Update on Cristo Nos Guia Group

Pabla Isabel, Nora Elena, Juana Francisca, Angela del Rosario, Marisela del Carmen, Raquel Verónica, Martha, Juana de Dios, Justina, Lisbeth Lucia, and Olga del Carmen are members of the “Cristo Nos Guía” [God Guides Us] communal bank. These entrepreneurs are very hard-working and tenacious people who need to work and get ahead with their families.

Pabla Isabel is the coordinator of the bank. Her business activity is providing sewing services. She has been doing this for ten years, and she provides her services to the inhabitants of her community. She now has a lot of customers thanks to her good services in making garments like blouses, skirts, children’s school uniforms, pants, and shorts, among others.
View original language description ↓
El banco comunal cristo nos guía esta conformado por pabla Isabel, Nora Elena, Juana Francisca, Angela del Rosario, Marisela del Carmen, Raquel Verónica, Martha, Juana de Dios, Justina, Lisbeth Lucia, Olga del Carmen estas emprendedoras han demostrado su responsabilidad, son personas muy trabajadoras, luchadoras, con necesidad de trabajar y salir adelantes con sus familias, en el caso de pabla Isabel es la coordinadota del banco su actividad económica es el servicio de costura en el cual se desempeña desde hace diez años, servicio que le brinda a los pobladores de su comunidad, en la actualidad tiene mucha clientes gracias al buen servicio en la elaboración de prenda como: blusas, faldas, uniforme de niños para colegios, pantalones, shorts entre otros.

Previous Loan Details

The “Cristo Nos Guía” [God Guides Us] communal bank is made up of 11 enterprising women who have previously worked with Fundación León 2000. These entrepreneurs express that with the support it provides them they have increased their merchandise and have new customers. These women are hardworking… More from Cristo Nos Guia 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
  • 162
    View loans »
    Nicaragua Loans Fundraising
  • $23,191,225
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Cristo Nos Guia Group's $1,425 loan helped a member to make garments like blouses, skirts, children’s school uniforms, pants, and shorts, among others.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2012
Listed
Aug 12, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013