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Banco Comunal En Dios Confiamos Group
In this Group: Maria Matilde, Agustina De La Concepcion, Dora Maria, Brenda De Los Angeles, Onan, Yuris Anielka, Marlene, Luisa Yhoana, Pedro Rafael, Gerzan Belizario

Update on Banco Comunal En Dios Confiamos Group

The En Dios Confiamos communal bank is made up of 10 members- 8 women and 2 men. They are responsible men and women with 25 children under their care. They are hardworking, responsible people. Unfortunately, due to a lack of resources, they were unable to go to school and they had to work from a very young age. That is why they fight day to day to offer a better future to their children.

The En Dios Confiamos communal bank coordinator is María Matilde. Thanks to her spirit and her eagerness to get ahead, she has an economic activity of selling tortillas from her house. She does this activity with a lot of pleasure because it is her and her family's way of life. She works at this activity for around 10 hours a day. The purpose of the loan is to invest in working capital buy buying raw materials such as corn, firewood, gas, plastic bags, a griddle and phosphorous so that in the near future she can make more income. The En Dios Confiamos communal bank is grateful to the Kiva investors for the help they offer low income people and poor countries such as Nicaragua so they can have dignified work.
View original language description ↓

El banco comunal en Dios confiamos está conformado por 10 integrantes, 8 mujeres y 2 dos, madres y padres responsables con 25 hijos bajo su responsabilidad. Ello son personas trabajaras, responsables, lamentablemente por falta de recursos económicos no pudieron cursar sus estudios, y se vieron obligados a trabajar desde muy temprana edad. Por eso luchan día a día para brindarles un futuro mejor a sus hijos.

La coordinadora del banco comunal En Dios confiamos es María Matilde, gracias a su espíritu y sus ganas de salir adelante tiene por actividad económica la elaboración venta de tortillas en su casa de habitación. Actividad que la desempeña con mucho gusto por que ha sido la forma de vida y su familia. Ellas dedican a su actividad unas 10 horas días. El objetivo del crédito es invertir en capital de trabajo en la compra de materia prima como maíz, Lena, gas, bolsas plásticas, comal. Fosforo. Para que en un futuro no muy lejano pueda obtener mejores ingresos. El banco comunal En Dios Confiamos agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

The En Dios Confiamos Communal Bank is made up of 12 members, all married adults with 30 dependent children among them. These members are natives of Malpaisillo, which is located in the northern part of the country. These people are known to be responsible in their loan payments and have… More from Banco Comunal En Dios Confiamos 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

  • $3,636
    Average annual income
  • 171
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,250
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal En Dios Confiamos Group's $2,950 loan helped a member to invest in working capital and buy raw materials such as corn, firewood, gas, plastic bags, and a griddle and phosphorous to make tortillas.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 3, 2013
Listed
May 2, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013