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Mujeres Responsables Group
In this Group: Celica Lucia, Josefa Maria , Maria Del Carmen, Nora Janixia, Noreli Marbely , Narcisa Del Rosario , Jose Antonio , Rosa Aida

Update on Mujeres Responsables Group

The Responsible Women communal bank is made up of 8 members of whom 7 are women, one is a man. These entrepreneurs are very humble, hardworking and responsible people with good manners and lots of enthusiasm to improve their lives. All of them have businesses making handicrafts made from clay since it is what most people work with in the area where they live, which is located on the western part of Nicaragua. The communal bank meets to talk before they hand out the loans. In the picture you can see a board listing the services the bank offers like, motivating members to save, how to invest the loan, and how the loans are divided for repayment. Their daily routine is to wake up each morning at 6 a.m. to begin working at 7 a.m. until 5:30 p.m. as they make and offer their products in the local market to steady and potential customers. They also work selling their items on credit and get paid every two weeks. The products that they offer are: clay vases, clay houses, kitchen decorations, salt and pepper clay shakers and other items.
View original language description ↓
El banco comunal Mujeres Responsables esta conformado por 8 integrantes de las cuales 7 son mujeres y un varón. Estos emprendedores son personas muy humilde, trabajadoras, responsables de buenas costumbres con muchos animo de superación personal. Todas ellos tienen negocio de artesanía que consiste en la elaboración de adornos de barro, ya que es la actividad fuerte de la localidad donde viven, la cual está ubicado en el occidente del país de Nicaragua. El banco comunal se reúnen para realizar las charlas previas al desembolso. En la foto aparece la cartulina de las capacitaciones que le ofrecen para el manejo de sus inversión como por ejem. motivarla al ahorro, inversión del crédito, y los reembolso en tiempo y forma. Su rutina diaria es levantarse a todos los días a las 6AM para sus labores diario a las 7 AM hasta las 5:30 pm para elaborar y ofrecer sus productos en el mercado de la localidad a clientes fijos y eventuales. Además trabajan de crédito con algunos clientes y recuperan quincenalmente. Los productos que ofrecen son: jarrones de barro, casa de barro, adornos de cocina, pimenteros de barro, saleros de barro entre otros.

Previous Loan Details

The 'Mujeres Responsables' (Responsible Women) community bank is a group of entrepreneurial women who have worked hard to achieve their dreams of having a way of making income for their families. This bank has ten members who are all from the same town. They all know each other and all have goa... More from Mujeres Responsables 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
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $25,383,750
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Responsables Group's $1,675 loan helped a member buy materials to make clay vases, clay houses, kitchen decorations, salt and pepper clay shakers and other items.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Aug 15, 2012
Aug 30, 2012
Currency Exchange Loss:
Feb 15, 2013