Divino Nino Group
Update on Divino Nino GroupDivino Niño Communal Bank is made up of 11 members, 9 women and 2 men, mothers and fathers of 20 dependent children among them. They're from El Sauce, located in the northern part of the country. These people describe themselves as hardworking and responsible with a desire for personal self-improvement despite the difficulties they've had in life. Unfortunately they weren't able to continue their studies because they needed to work from a young age to help with the household expenses.
Thanks to her effort and desire to get ahead, Alba Justina is the coordinator of the bank. Her job is a "pulpería" located in her house. A pulpería is a small store that sells food items in small quantities such as packets of coffee, shampoo, or sauce, rice, eggs, packaged soup, beans, oil, bread, juice, and soda. Alba's work routine is to sell her products some 10 hours a day.
The goal of the loan is to invest in working capital and stock her business buying and selling food products for her grocery store so she can earn better income in the near future.
Divino Niño Communal Bank is grateful for the help that Kiva lenders give to low-income people and poor countries like Nicaragua so they have a means for a decent job.
El banco comunal Divino Niño está conformado por 11 integrantes nueve mujeres y dos hombres, madres y padres con 20 hijos bajo su responsabilidad. Ellos son originarios del Sauce, lugar que está ubicado en la zona norte del país. Estas personas de caracterizan por ser trabajadoras, responsables con ganas de superación personal, a pesar que en la vida han tenido dificultades, lamentablemente no pudo cursar sus estudios y se vieron obligados a trabajar desde temprana edad. Para ayudar con los gastos de la casa.
Gracias a sus esfuerzo y sus ganas de salir adelante Alba Justina es la coordinadora del banco y 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 pequeña como sobre de café, sobre de shampoo, sobre de salsa, arroz, huevos, sopa en bolsas, frijoles, aceite pan, jugos, gaseosas. La rutina de trabajo de Alba es de 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 comestible para surtir su pulpería, para que en un futuro no muy lejano pueda obtener mejores ingresos. El banco comunal Divino Nino 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 DetailsThe communal bank Divino Nino is made up of 9 members, married with children under their responsibility. These members are originally from El Sauce which is located in the northern zone of the country. These people are characterized as honest, hardworking, and well-mannered. In previous loans, they… More from Divino Nino Group's previous loan »
Fundación Leon 2000This 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.
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Success!! The loan was 100% repaid