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Luz Divina Group
In this Group: Emelina, Maria Ines, Maria Mercedes, Marcia Ramona, Liliana Amparo, Nubia, Vilma Haydee, Danelia Del Socorro

Update on Luz Divina Group

The Luz Divina (Divine Light) communal bank is made up of eight members; all women between the ages of 25 and 55 years old, and single mothers with 15 children under their responsibility. They are from El Sauce, a place located in the northern region of the country. El Sauce is known for being an area that produces milk, curd, and cream.

These are women known for being responsible, hard-working, and well mannered, with the desire for personal improvement. At the same time they are very sincere and humble people with a great desire to offer their children a better future.

María Inés is the coordinator of the Luz Divino communal bank whose way of earning a living is by making and selling tortillas. The business she has is located in her home. María Inés' daily routine is to work 12 hours a day. She gets up at 4:00 am to prepare the corn for making the tortillas. She needs the loan to buy raw materials like corn, firewood, gas, and plastic bags.

The Luz Divina communal bank is grateful for the help that Kiva lenders offer to people with limited resources from poor countries like Nicaragua so that they have a means of decent work.
View original language description ↓
EL Banco Comunal Luz Divina está conformado por 8 integrantes todas mujeres en las edades comprendidas de 25 a 55 años de edad. Madres solteras con 15 hijos bajo su responsabilidad. Ellas son originarias del Sauce, lugar que está ubicado en la zona norte del país. El Sauce es un lugar que se caracteriza por ser una zona productora de leche, cuajada, crema. Son mujeres que se caracterizan por ser responsables, trabajadoras, de buenas costumbres con ganas de superación personal, a la misma vez mujeres muy sencillas, humilde de pueblo con muchas ganas de brindarles a sus hijos un futuro mejor. María Inés es la coordinadora del banco comunal Luz Divina la cual tiene por actividad económica la elaboración y venta de tortillas. El negocio lo tiene ubicado en su casa de habitación. La rutina diaria de Marie Inés es trabajar unas 12 horas al día. Ella se levanta a la 4: am a preparar la nisquesa del maíz para la elaboración de las tortillas. El financiamiento lo necesita para comprar materia prima de trabajo como maíz, leña, gas, bolsas plásticas. Cal. El banco comunal Luz Divina agradece la ayuda que los inversionista kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua. Para tener un medio de trabajo digno.

Previous Loan Details

The community bank Luz Divina (Divine Light) is made up of 8 members: Emelina, Maria Ines, Maria Mercedes, Oscar Danilo, Marcia Ramona, Angela Benita, Liliana Amparo and Nubia. Nubia is the group coordinator, and operates a convenience store located in a room of her house. She plans to invest... More from Luz Divina 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
  • 132
    View loans »
    Nicaragua Loans Fundraising
  • $24,060,850
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz Divina Group's $900 loan helped a member to invest in working capital and to buy raw material like corn, firewood, gas, and plastic bags.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2012
Listed
Nov 20, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013