Banco Comunal En Dios Confiamos Group
Update on Banco Comunal En Dios Confiamos GroupThe En Dios Confiamos Communal Bank is made up of 12 members, all married adults with 30 dependent children among them. These members are natives of Malpaisillo, which is located in the northern part of the country.
These people are known to be responsible in their loan payments and have demonstrated their moral character by paying on time. Luisa Yhoana is the coordinator of the group and is entrusted with seeing to it that each member is responsible and of motivating them to support each other in their economic endeavors.
Luisa raises and sells live pigs, a business that is located at her home. She has both fixed and casual customers. She is requesting funding to invest in working capital and purchase a batch of pigs, which is being offered at a good price. She is doing this to satisfy her customers’ demands and improve her income.
Luisa Yhoana is grateful for the help that Kiva lenders provide to people with scarce resources and to poor countries such as Nicaragua so that its citizens can have decent livelihoods
Previous Loan DetailsThe Communal Bank “En Dios Confiamos” (In God We Trust) consists of Yanira, Maria Matilde, Francela, Dora Maria, Pabla Cecilia, Brenda de Los Ángeles, and Onan. Together they strive to move forward every day. Yanira has been selling tortillas for more than two years. She is a responsible ... More from Banco Comunal En Dios Confiamos Group's previous loan »
Fundación Leon 2000This 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
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Success!! The loan was 100% repaid