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Vecinos Unidos Group
In this Group: Erika Patrica, Elias Jose, Benita Irene, Hellen, Juana Maria, Yurelis Junieth, Mabel De La Concepcion, Maria Magdalena
The 'Vecinos Unidos' community bank has 8 members: 7 women and 1 man. They are all responsible parents and, between them, they have 20 children in their care. They are all from Malpaisillo, in the north of the country, and are noted for being hard-working, responsible people who have a desire to improve themselves. They work hard every day to provide their children with better living conditions. Unfortunately, none of them was able to study owing to a lack of financial resources and each had to work from an early age instead.

The coordinator of the 'Vecinos Unidos' community bank is Magdalena, who runs a small pulpería (grocery store) which is located in her home. A 'pulpería' is a small store which sells food products in small quantities such as coffee sachets, shampoo sachets, tomato ketchup sachets, matches, rice, beans, sugar, milk, bread, eggs, juice and soda. Magdalena sells her products for 12 hours a day. Her goal for this loan is to invest in working capital and stock her store so that, in the not-so-distant future, she can make better income. The 'Vecinos Unidos' community bank is grateful for the help that Kiva lenders provide to people with limited resources in poor countries such as Nicaragua so that they can earn a decent living.
View original language description ↓
El banco comunal Vecinos Unidos está conformado por 8 integrantes, 7 mujeres y 1 hombre, madres y padre de familia responsable con 20 hijos bajo su responsabilidad. Ello son originarios de Malpaisillo lugar que está ubicado en la zona norte del país. Estas personas se caracterizan por ser trabajadoras, responsables, con ganas de superación personal. La cuales luchan día día para brindarles a sus hijos una mejores condiciones de vida, lamentablemente ninguno pudo estudiar por falta de recursos económicos y se vieron en la necesidad de trabajar desde temprana edad.
La coordinadora del banco comunal Vecinos Unidos es Magdalena y tiene por actividad económica una pulpería ubicada en su casa de habitación. Una pulpería es una pequeña tienda que vende productos comestibles en cantidades pequeñas como sobre de café, sobre de shampoo, sobre de salsa de tomate, fósforos, arroz, frijoles, azúcar, leche, pan, huevos, jugos, gaseosas. El negocio lo tiene ubicado en su casa de habitación. La rutina de trabajo de Magdalena es trabajar unas 12 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, para que en un futuro no muy lejano pueda obtener mejores ingresos. El banco comunal Vecinos Unidos agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener fuentes de trabajo digno.

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).

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

  • $3,636
    Average annual income
  • 162
    View loans »
    Nicaragua Loans Fundraising
  • $23,187,275
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Vecinos Unidos Group's $1,425 loan helped a member to invest in working capital and stock her grocery store with products such as coffee sachets, shampoo sachets, tomato ketchup sachets, matches, rice, beans, sugar, milk, bread, eggs, juice and soda.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Mar 20, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2013