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Fe Y Esperanza Group
In this Group: Candida Rosa, Heyling Del Pilar, Magali Mercedes, Elieth Maria, Maria Mercedes, Rosa Emilia, Gloria Isabel, Mariela Mercedes, Maria Candelaria, Yudis Dayana, Maria Del Socorro

Update on Fe Y Esperanza Group

The Fe y Esperanza communal bank is made up of 12 members, all of whom are single mothers with a total of 20 children to care for. They are all originally from Malpaisillo, located in the northern zone of the country. These ladies are responsible, hardworking women with a desire to get ahead personally. They got together to offer mutual support and get ahead with their different activities, because this is how they support their children.

Cándida Rosa is the bank’s coordinator and in charge of making timely payments for the group. She has a grocery store in her home and sells daily consumables in small quantities, such as shampoo, coffee sorbet, sugar, beans, bread, milk, eggs, and juices. The “Fe y Esperanza” communal bank appreciates the Kiva lenders because they provide help for people of limited resources so they can get ahead in poor countries such as Nicaragua, allowing them to make a dignified living.
View original language description ↓
EL Banco Comunal Fe y Esperanza esta conformado por 11 integrantes de los cuales todas son madres solteras, con 20 hijos bajo su responsabilidad ellas son originarias del municipio de Malpaisillo que esta ubicado en la zona norte del país. Las mujeres de este banco se caracterizan por ser personas responsable, trabajadoras, con ganas de superación personal. Las cuales se unieron para ayudarse mutuamente y salir delante con sus diferentes actividades económicas ya que es su medio de vida y de sus hijos. Cándida Rosa es la coordinadora del banco, la cual se encarga de la responsabilidad de pago del grupo en tiempo y forma. Ella tiene por actividad económica una pulpería ubicada en su casa de habitación, la cual consisten en vender productos de consumo diario para el hogar y en cantidades pequeñas como sobrecitos de shapoo, sobre de café, azúcar, frijoles, pan, leche, huevos, jugos. El banco comunal Fe y Esperanza agradecen la ayuda que los inversionistas kiva les brindan a las personas de escasos recursos y países pobre como es Nicaragua para salir adelante. Y tener un medio de trabajo digno.

Previous Loan Details

The “Fe y Esperanza” [Faith and Hope] communal bank is comprised of 11 members, Maria Mercedes, Juana Rayo, Yudis Dayana, Rosa Emilia, Gloria Isabel, Candida Rosa, Heyling del Pilar, Magali Mercedes, Elieth Maria, Maria del Socorro, and Maria Candelaria. All of them have different business acti... More from Fe Y Esperanza 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
  • 93
    View loans »
    Nicaragua Loans Fundraising
  • $24,753,075
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Fe Y Esperanza Group's $1,625 loan helped a member to stock her store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Nov 10, 2012
Dec 10, 2012
Currency Exchange Loss:
Mar 21, 2013
This photo was used before for a previous loan for Fe Y Esperanza Group. It was first posted on Kiva on Aug, 2012. Learn More