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De Confianza Los Cerritos Group
In this Group: Dominga Yabett, Alda Maria , Andrea Ramona , Ana Patricia , Juana Francisca , Maria Elisett, Ileana Jose, Edipcia Del Socorro, Paublo Seferino, Herminia

Update on De Confianza Los Cerritos Group

The Confianza los Cerritos communal bank is made up of 10 members, all of whom are women from the community of Malpaisillo with 15 children in their care. These women are hardworking and responsible people who have a desire to overcome in order to give their children a better future.

Juana Francisca is the bank's coordinator. Thanks to her spirit to succeed, she has a grocery store, or "pulpería," which is located in her house. She works for about 12 hours a day in her store. She is happy with her job because it provides a livelihood for her and her children. A pulpería is a small store which sells basic goods in small quantities, such as packets of coffee and shampoo, rice, beans, sugar, milk, and bread.

Her goal is to use this loan to invest in working capital and stock her business to offer a better service to her clients. Juana Patricia is very grateful for the Kiva lenders, because thanks to their help she will be able to invest in her business and better serve her clients by buying basic goods for the store. She will then be able to increase her income in the not-so-distant future and fulfill her dream of maintaining a decent source of work.

The communal bank is grateful for the help which Kiva investors provide for them to have a decent livelihood.
View original language description ↓
El banco comunal de Confianza los Cerritos es conformado por 10 integrantes, todas mujeres de la comunidad de Malpaisillo con 15 hijos bajo su responsabilidad. Estas mujeres son personas trabajadoras, responsables. Con ganas de superación para brindarles un mejor futuro a sus hijos. Juana Francisca es la coordinadora del banco y gracias a su espíritu de salir adelante ella tiene por actividad una pulpería ubicada en su casa de habitación, se dedica a su negocio aproximadamente unas 12 horas diarias. Actividad que la realiza con muchos gustos ya que ha sido su forma de vida y de sus hijos. Una pulpería es una pequeña tienda que vende productos de consumo diario y en cantidades pequeñas como sobre de café, sobre de champo, arroz, frijoles, azúcar, leche, pan. El objetivo de préstamos es invertir en capital de trabajo y surtir su negocio para brindar mejor servicios a sus clientes. Juana Francisca se encuentra muy agradecida con los prestamistas kiva , ya que gracias a la ayuda brindada podrá invertir en capital de trabajo y surtir su negocio para brindar mejor servicios a sus clientes, comprando productos de consumo diario para la pulpería, y de esta manera incrementar sus ingresos en un futuro no muy lejano. Y de dicha forma cumplir sus sueños de mantener su fuente de trabajo digna. El banco comunal agradece la ayuda que los inversionistas kiva le brindan para tener fuentes de trabaja digno.

Previous Loan Details

The "Confianza Los Cerritos" communal bank is made up of nine members. These entrepreneurs are striving to reach their goals, and to grow personally and in their businesses. The group members have various businesses. Ileana José is a successful entrepreneur. She sells pastries and cakes. She ... More from De Confianza Los Cerritos 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
  • 104
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of De Confianza Los Cerritos Group's $1,675 loan helped a member to invest in working capital and stock her store with goods such as packets of coffee and shampoo, rice, beans, sugar, milk, and bread.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Dec 13, 2012
Jan 10, 2013
Currency Exchange Loss:
Sep 17, 2013