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Las Palomas Group
In this Group: Tomasa Felicitas, Sonia Maria , Blanca Lorena, Lester Giovany, Maria Feliz, Juana Maria , Leseyda, Marta Del Carmen, Maria Nela, Adan Emilio

Update on Las Palomas Group

The "Las Palomas" communal bank is made up of ten male and female members who are parents responsible for raising their children. These members are natives of Sauce, a place that is located in the northern part of the country. These people are known for being hardworking, responsible, driven to better themselves, and financially dependable, as they have demonstrated with their previous loans.

Juana María is the coordinator of the "Las Palomas" communal bank. Her source of income is a small "pulpería" located in her house. A "pulpería" is a small store that sells everyday household products in small quantities, like packets of coffee, packets of shampoo, individual cigarettes, tiste [a traditional Nicaraguan drink made from corn and cacao], cuajada [a traditional cheese curd], cheese, eggs, boxes of matches, rice, and beans.

Juana María's objective for this loan is to invest in working capital and to stock her store to provide better service to her customers. The "Las Palomas" communal bank is grateful for the help that Kiva lenders provide to low-income people in poor countries like Nicaragua so that they can have a decent means of earning a living.
View original language description ↓
El banco comunal las palomas, está conformado por 10 integrantes hombre y mujeres los cuales son padres de familias con responsabilidad de la crianza de sus hijos. Estos integrantes son originarios del Sauce lugar que está ubicado en la zona norte del país. Estas personas de caracterizan por ser trabajadoras, responsables, con ganas de superación personal, buenas paga ya que lo han demostrado en los créditos anteriores. Juana María es la coordinadora del banco comunal Las Palomas ella tiene por actividad económica una pulpería ubicada en su casa de habitación , una pulpería es un pequeña tienda que vende productos de consumo diario y en cantidades pequeñas como sobres de café, sobres de shapoo, cigarros por unidad, tiste, cuajada, queso, huevo , caja de fosforo, arroz, frijoles. El objetivo del préstamo es invertir en capital de trabajo y surtir su pulpería para brindar mejor servicio a sus clientes. El banco comunal las Palomas 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.

Previous Loan Details

The Las Palomas communal bank is made up of Tomasa, Sonia, Marcia, Blanca, Lester, María, Juana, Leseyda, and Marta. Sonia is the bank’s coordinator and sells cosmetics. She has had this business for more than a year and most of her customers request a large variety of products. She is very en... More from Las Palomas 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
  • 65
    View loans »
    Nicaragua Loans Fundraising
  • $23,485,000
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Palomas Group's $1,275 loan helped a member to have working capital and to stock her grocery store with packets of coffee, packets of shampoo, cigarettes for individual sale, tiste [a traditional Nicaraguan drink], cuajada [a traditional cheese curd], cheese, eggs, matches, rice, and beans.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Dec 20, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013