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Las Ovejas De Cristo Group
In this Group: Maria Cristina, Claudia Vaenessa, Reyna Elizabeth, Pablo Mariano, Constancia Amparo, Mercedes, Jorge Andres, Vilma Esperanza, Veronica Ernestina

Update on Las Ovejas De Cristo Group

The communal bank "Las Ovejas de Cristo" (Christ's sheep) is formed by 9 members - 7 women and 2 men, mothers and fathers. These members are from Malpaisillo, a community located in the western region of the country characterized by its hardworking and responsible people who have fought hard to get ahead in life. Unfortunately, none of the members of this group were able to complete their studies for lack of resources that forced them to work from a very early age. Now, they are all working hard to provide a better future for their children.

Reyna Elizabeth is the coordinator of the communal bank, and she is responsible for the repayments of each member. Thanks to her efforts and her desire to get ahead, her main work is the sale of milk products, which she does door to door and also from a room in her house. Reyna's routine is to work 10 hours a day, work that she performs with much pleasure as it has been able to support her and her children. The goal of this loan is to invest in more ingredients such as milk and plastic bags; in the near future she would like to improve her income.

The communal bank "Las Ovejas de Cristo" appreciates the support that Kiva investors bring to people with scarce resources in poor countries such as Nicaragua. It enables them to improve their businesses, work, and have their own dignified sources of income.
View original language description ↓
El banco comunal las ovejas de cristo está conformado por 9 integrantes, siete mujeres y dos hombre, madres y padres con familias, bajo su responsabilidad. Son originarios de Malpaisillo, lugar que está ubicado en la zona de occidente del país, se caracterizan por ser personas, trabajadoras, responsables, que han luchado duro en la vida por salir adelante, lamentablemente ninguno de ellos pudo cursar una carrera, por falta de recursos económicos, se vieron obligados a trabajar desde muy temprana edad, para ayudar con los gastos del hogar. Por lo cual quieren brindar un futuro mejor a sus hijos.
Reyna Elizabeth es la coordinadora del banco la cual se encarga de las responsabilidades de pagos de cada integrante, y gracias a su esfuerzo y ganas de salir adelante tiene por actividad económica la venta de cuaja de forma ambulante y en su casa de habitación. La rutina de Reyna es trabajar unas 10 horas diarias, ofreciendo su cuajada con una pana en la cabeza de unos 20 kg, actividad que la desempeña con mucho gusto, ya que ha sido su forma de vida y la de sus hijos. El objetivo del crédito es invertir en capital de trabajo para comprar más materia prima como la leche, bolsas plásticas, pastillas de cuajar para elaborar las cuajadas; para que en un futuro no muy lejano poder obtener mejores ingresos. El banco comunal las ovejas de cristo agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener fuentes de trabajo dignas.

Previous Loan Details

The “Ovejas de Cristo” (Sheep of Christ) communal bank is made up of 11 members, including eight women and three men. All are mothers and fathers of families and are responsible for a total of 20 children. They are from Malpaisillo, which is located in the north of the country. Malpaisillo is kno... More from Las Ovejas De Cristo 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
  • 67
    View loans »
    Nicaragua Loans Fundraising
  • $25,075,600
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Ovejas De Cristo Group's $2,650 loan helped a member to buy ingredients such as milk, milk products, and plastic bags.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 15, 2013
Feb 18, 2013
Currency Exchange Loss:
Aug 18, 2013