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Mujeres De Fortaleza Group
In this Group: Dinora Corina, Petrona, Rosa Estela , Meydin Patricia, Juana Dionisia, Mirna De Los Angeles, Ivania Del Socorro, Aleyda Francisca

Update on Mujeres De Fortaleza Group

The communal bank "Mujeres de Fortaleza" (Women of Strength) consists of 8 members, all women from the same community. They are mothers of families and have (together) 15 dependent children. They belong to the Malpaisillo township, part of the city of León. Malpaisillo is a pretty place, with hard-working, humble people from the countryside who enjoy a calm, peaceful life. The daily work routine of Dinora Corina, the coordinator of the bank, is to get up at 4 am and work until the sun goes down, day after day, to work in her business. The business activities consist of selling milk and milk curds, an activity that is very typical of this township, since she is a producer of milk because she has her cows and calves. She decided to form a communal bank so they could opt for this credit in order to advance with their little businesses. The communal bank Mujeres de Fortaleza is very thankful for the help that the Kiva lenders offer to people of scarce resources and poor countries such as Nicaragua so that they can have a dignified means of living. With the financing, she will buy more milk and milk curds to satisfy the demands of her customers and neighbors in her township.

A salute to all the Kiva lenders, and "Vive, León, Nicaragua."
View original language description ↓
El banco comunal mujeres de fortaleza esta conformado por 8 integrantes todas mujeres de la misma comunidad. Son mujeres madres de familia con 15 hijos bajo su responsabilidad. Ellas pertenecen al municipio de malpaisillo localidad de la ciudad de león, Malpaisillo es un lugar lindo con gente trabajadora, humilde del campo las cuales disfrutan de una vida calma, tranquila. la rutina diario de trabajo de Dinora Corina que es la cordinadora del banco es levantarse a la 4:00: am hasta que se oculta el sol día a día para trabajar en su negocios. Su actividades económicas consisten el la venta de leche y cuajada, actividad muy propia del municipio ya que son productores de leche, porque tienen sus vacas, becerros. Ella decidio formar el banco comunal para optar al crédito de dicha formar para salir adelante con sus pequeño negocio. El banco comunal Mujeres de Fortaleza agradece mucho la ayuda que le brindan los prestamistas kiva a las personas de escasos recursos y países pobre como es Nicaragua para tener un medio digno de vida. Con el financiamiento comprara más leche y cuajada para satisfacer la demanda de sus clientes y vecinos de su municipio.
Un saludos a todos los prestamista kiva y viva “León Nicaragua”

Previous Loan Details

Mujeres de Fortaleza (Women of Fortitude) is a group composed of eight members: Dinora, Petrona, Rosa, Nubia, Meydin, Juana, Mirna and Ivania. They all engage in different economic activity, but they help each other to provide for their families. All of the members have proven to be responsible, ... More from Mujeres De Fortaleza 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
  • 116
    View loans »
    Nicaragua Loans Fundraising
  • $23,724,925
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres De Fortaleza Group's $1,075 loan helped a member to buy milk and milk curds to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013