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Fe Y Esperanza Group
In this Group: Candida Rosa, Heyling Del Pilar, Magali Mercedes, Elieth Maria, Maria Mercedes, Rosa Emilia, Gloria Isabel, Mariela Mercedes, Maria Candelaria, Yudis Dayana, Maria Del Socorro, Dominga De Jesus

Update on Fe Y Esperanza Group

The Fe y Esperanza (Faith and Hope) communal bank is made up of 12 members, all of whom are single mothers who care for a total of 28 children. They are natives of Malpaisillo, a place located in the western region of the country. These women are described as hard-working, responsible, and ambitious. Sadly, none of them were able to study because of a lack of funds. They saw themselves obligated to work from an early age. For this reason, they are working hard in life to give their children better lives.

Magali Mercedes is the communal bank Fe y Esperanza's coordinator. She is charge of payment accountability with regards to time and method. Thanks to her entrepreneurial spirit she has the "pulpería" located in her home. A "pulpería" is a small store that sells foodstuffs and in small quantities things like: coffee packets, shampoo packets, tomato sauce packets, sugar, rice, beans, oil, bread, milk, eggs, detergents, toothpaste, ice, "natural" sodas, and tiste.

Magali's daily routine is to work 10 hours offering her products. The goal of this loan is to invest it in her work and stock her business with foodstuffs. This way, she may be able to improve her earnings in a not-so-distant future.

The communal bank Fe y Esperanza is grateful for the help that Kiva's lenders give to people with few resources and to other poor countries like Nicaragua so that they can have a better life.
View original language description ↓
El banco comunal Fe y Esperanza está conformado por 12 integrantes, todas madres solteras, con 28 hijos bajos su responsabilidad, originarias del Malpaisillo, lugar que está ubicado en la zona de occidente del país. Estas mujeres se caracterizan por ser trabajadoras, responsables, con ganas de superación personal. Lamentablemente ninguna pudo cursar una carrera, por falta de recursos económicos. Se vieron obligadas a trabajar desde muy temprana edad. Por eso luchan duro en la vida para brindarles un futuro mejor a sus hijos.
Magali mercedes es la coordinadora del banco comunal Fe y Esperanza, la cual se encarga de la responsabilidad de los pagos en tiempo y forma. Gracias a su espíritu de emprendedor es que tiene por actividad económica una pulpería ubicada en su casa de habitación. una pulpería es una pequeña tienda que vende productos comestibles y en cantidades pequeñas como: sobre de café , sobre de shampoo, sobre de salsa de tomate, azúcar, arroz, frijoles, aceite, pan, leche, huevos, detergentes, pasta dental, hielo, refresco naturales, tiste. La rutina diaria de Magali es trabajar unas 10 horas diarias ofreciendo sus productos. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de productos comestibles; para que en un futuro no muy lejano pueda obtener mejores ingresos. El banco comunal Fe y Esperanza agradecen la ayuda que los inversionistas kiva les ofrecen a personas de escasos recursos y países pobre como es Nicaragua para tener mejores condiciones de vida.

Previous Loan Details

The Fe y Esperanza communal bank is made up of 12 members, all of whom are single mothers with a total of 20 children to care for. They are all originally from Malpaisillo, located in the northern zone of the country. These ladies are responsible, hardworking women with a desire to get ahead pe... More from Fe Y Esperanza 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
  • 79
    View loans »
    Nicaragua Loans Fundraising
  • $25,384,750
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Fe Y Esperanza Group's $3,925 loan helped a member to invest money in their work and stock their grocery with foodstuffs such as coffee packets, shampoo packets, tomato sauce packets, sugar, rice, beans, oil, bread, milk, eggs, detergent, toothpaste, ice, "natural" sodas, and tiste.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 15, 2013
Feb 18, 2013
Currency Exchange Loss:
Aug 18, 2013