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Buena Esperanza Group
In this Group: Lorenza Eveling, Susana, Yamileth Del Carmen, Aracelys Samaria, Erika Transania, Eva Luz, Digna Del Socorro, Dilma De Los Angeles, Estebana Del Carmen
Buena Esperanza Communal Bank is made up of nine members, eight women and one man, hardworking and responsible people with 20 children in their care. They are modest people and fighters. These members are from El Sauce, an area known for producing milk, curd, and cream in the northern part of the country.

Lorenza, the coordinator of the communal bank, is in charge of making timely payments for the group. Lorenza's business is raising and selling pigs at her house. The routine of these women is to go out to the neighboring communities to look for a batch of pigs to raise and sell.

Buena Esperanza Communal Bank is grateful for the help that Kiva lenders give to low-income people and poor countries such as Nicaragua so they have a decent living.
View original language description ↓
El banco comunal Buena Esperanza está conformado por 9 integrantes, ocho mujeres y un hombre .Personas , trabajadoras, responsables, con 20 hijos bajo su responsabilidad. Son personas humildes luchadoras. Estos integrantes son originarios del Sauce, lugar que está ubicado en la zona de norte del país. El sauce se caracteriza por ser una zona productora de leche, cuajadas, crema. Lorenza es la coordinadora del banco comunal la cual se encarga de responsabilidad de pago de las integrantes en tiempo y forma. Lorenza tiene por actividad económica la crianza y venta de cerdos. Ubicada en su casa de habitación. La rutina de esta mujeres salir a las comarca aledaña a buscar lote de cerdos para la crianza y venta del mismo. El banco comunal Buena Esperanza agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

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).

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
  • 127
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Buena Esperanza Group's $2,675 loan helped a member to buy and sell a batch of pigs.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2012
Listed
Dec 17, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013