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Estrella De Belen Group
In this Group: Yudit Del Socorro, Jessica Janeth, Corina Ninoska, Francisca Yanet, Rosibel Anastacia, Julissa Yajaira, Jerry Massiel, Elvin Bismarck, Marileth Del Socorro, Cristian Jorge

Update on Estrella De Belen Group

The 'Estrella de Belén' (Star of Bethlehem) community bank has 10 members: 8 women and 2 men. They are all parents and, between them, they have 20 children in their care. They are all from Malpaisillo, which is located in the west of the country. The members of this community bank are noted for being hard-working people who have a desire to improve themselves. Owing to a lack of financial resources, they have all had to work hard since they were very young in order to help with their household expenses.

Corina Ninoska is the bank's coordinator and she is responsible for making sure that each member makes their loan repayments on time and in full. Her own business is making tortillas which she then goes out to sell as an itinerant street vendor, carrying a 20kg basket on her head and selling to people in her community. Her loan will be used to invest in working capital, stocking her business with raw materials such as corn, firewood, gas, lime and plastic bags.

The 'Estrella de Belén' community bank are grateful for the help that Kiva lenders provide to people with limited resources in poor countries such as Nicaragua as it helps them to earn a decent living.
View original language description ↓
El banco comunal estrella de belén, está conformado por 10 integrantes, ocho mujeres, dos hombres. Madres y padres de familia con 20 hijos bajo su responsabilidad. Son originarios de Malpaisillo, lugar que está ubicado en la zona de occidente del país. Estos integrantes del banco se caracterizan por ser trabajadores con ganas de superación, el cual han tenido que trabajar duro desde muy joven por falta de recursos económicos y de dicha forma ayudar con los gastos del hogar. Corina Ninoska es la coordinadora del banco la cual se encarga de la responsabilidad de pago de los integrantes en tiempo y forma. Ella tiene por actividad económica la elaboración y venta de totillas en su casa y de forma ambulante. La rutina de Corina trabajar unas 8 horas diarias desde las 5: am que se levanta y prepara las tortillas para salir a venderlas de forma ambulante con una pana de unos 20 kg en su cabeza ofreciendo a los pobladores de su comunidad. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de materia prima como maíz, leña, gas, cal, bolsas plásticas. El banco comunal Estrella de Belén 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

Estrella de Belén Communal Bank has eight members, seven women and one men between the ages of 25 and 60. They have 10 dependent children in their care and are natives of the town of Malpaisillo, located in the southern part of the country. They're responsible and hardworking people who want to... More from Estrella De Belen 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
  • 76
    View loans »
    Nicaragua Loans Fundraising
  • $25,413,450
    Funds lent in using Kiva
  • 24.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Estrella De Belen Group's $1,500 loan helped a member to invest in working capital and buy raw materials needed for making tortillas such as corn, firewood, gas, lime and plastic bags.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jan 29, 2013
Jan 30, 2013
Currency Exchange Loss:
Jun 18, 2013