The "Evenecer" communal bank is made up of nine members—all single mothers—who are responsible for a total of 15 children. These women are natives of Sauce, a place that is located in the northern part of the country. They have demonstrated their responsibility, their desire to better themselves, and their teamwork; they mutually help each other in their different businesses.
Gloria is the coordinator of the communal bank and in charge of making their payments on time and according to the loan terms. She earns her living buying and selling pigs. Her business is located at her house. Gloria's routine is to go out three times a week to buy live pigs to sell.
The objective of this loan is to buy a parcel of pigs that are being offered at a good price so she can take advantage of Christmas season sales opportunities.
The "Evenecer" communal bank is grateful for the help that the Kiva lenders have provided to low-income people in poor countries like Nicaragua, so that they can have a decent means of earning a living.
El banco comunal Evenecer está conformado por 9 integrantes, madres solteras, con 15 hijos bajo su responsabilidad. Estas mujeres son originarias del Sauce, lugar que está ubicado en la zona norte del país. Ellas han demostrado su responsabilidad, sus ganas de superación, su buen trabajo en equipo ya que se ayudan mutuamente en sus diferentes negocios. Gloria es la coordinadora del banco la cual se encarga realizar los pagos en tiempo y forma. Ella tiene por actividad económica la compra y venta de cerdos. El negocio lo tiene ubicado en su casa de habitación. La rutina de Gloria es salir tres veces por semana a compra cerdos en pie para la venta. El objetivó del prestamos es comprar un lote de cerdos que son lo están ofreciendo a buen precio y de dicha forma aprovechar las ventas de la temporada navideña. El banco comunal Evenecer agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.
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.