Check out some available loans that are similar to this one!
Nuestros Lirios De Los Valles Group
In this Group: Isaura Del Carmen, Adilsa Ramona, Virginia Gertrudis, Delma Auxiliadora, Telma Vilma, Maria Auxiliadora , Carina Libette, Mercedes , Vicenta Estela, Angela Del Socorro, Norma

Update on Nuestros Lirios De Los Valles Group

The “Nuestros Lirios de los Valles” communal bank is made up of 11 members; hardworking responsible women with good traditions, and with a desire to succeed personally. These women are all from Sauce, in the north part of the country, and have 15 children to care for. The ladies are known for being dedicated and responsible with their payments, given what they have shown in the past.

Norma is the group’s coordinator and is in charge of running the group. She also raises and sells pigs on the hoof, and also products such as meat, nacatamales, pork rinds, charrasca, frito, chingaste, and moronga. She generally makes this food from her home on the weekends. She will use the money from this loan to buy a group of pigs that she is being offered for a good price. The communal bank is grateful to the Kiva lenders who help people of limited means, in poor countries like Nicaragua, have dignified sources of work.
View original language description ↓
El banco comunal Nuestros Lirios de los Valles.esta conformado por 11 integrantes, personas trabajadoras, responsables, de bunas costumbres, con ganas de superación personal. Mujeres responsables madres de familia con 15 hijos bajo su responsabilidad. Ellas son originarios del Sauce lugar que está ubicado en la zona norte del país. Estas mujeres se caracterizan por ser luchadoras excelentes pago lo han demostrados en los créditos anteriores. Norma es la coordinadora del banco comunal Nuestros lirios de los valles es la encargada de la unión y buen funcionamiento del mismo. Ella tiene por actividad económica la crianza y venta de cerdos en pie, y también destaza el mismo y venden los productos del cerdo como carne, nacatamales, chicharrón, charrasca, frito, chingaste, moronga. Que por lo general esta comida la elabora todos los fines de semana en su casa de habitación. El objetivo del crédito es invertir en capital de trabajo y comprar un lote de cerdos que se lo están ofreciendo a buen precio. El banco comunal Nuestro Lirios de los Valles agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener fuentes de trabajo.

Previous Loan Details

The communal bank Nuestro Lirios de los Valles is made up of Karen Rebeca, Virginia Gertrudis, Adilsa Ramona, Isaura del Carmen, Delma Auxiliadora, Mercedes, Carina Libette, Norma, Telma Vilma, Maria Auxiliadora, Fatima Adelina. All of the members are responsible, hard working, and good at repaym... More from Nuestros Lirios De Los Valles 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
  • 94
    View loans »
    Nicaragua Loans Fundraising
  • $24,779,575
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuestros Lirios De Los Valles Group's $2,075 loan helped a member to buy pigs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2012
Listed
Dec 20, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013
This photo was used before for a previous loan for Nuestros Lirios De Los Valles Group. It was first posted on Kiva on Jul, 2012. Learn More