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Las Mariposas Group
In this Group: Eugarria Patrocia, Mercedes Del Carmen, Maria De La Cruz, Liliam, Danelia Francisca, Pabla Teresa, Janette Del Socorro, Marina, Maria Eulogia, Alma Rosa
The communal bank Las Mariposas has ten members, single mothers responsible for 15 children. These women are from El Sauce in the northern part of the country. They are characterized by being hard-working, responsible, and eager to improve their situation. Unfortunately, they didn't get an opportunity to study because of lack of economic resources, and found themselves forced to work from an early age in order to help out with the expenses of the household. Therefore, they struggle every day to assure a better future for their children.

Daniela is the coordinator of the communal bank Las Mariposas, and runs a corner store in her home. In this little store she sells food products and consumer goods in small quantities such as shampoo, matches, cigars, rice, beans, sugar, milk, bread, eggs, detergent, vegetables, and tiste [a drink made from corn]. She works about 12 hours daily in her store, selling her products. The purpose of the credit request is to invest in small quantities of food products, in order to increase her income in the near future.

The communal bank Las Mariposas is grateful to Kiva lenders for the help they offer to people with scarce resources and to poor countries like Nicaragua, so that they can earn their living by means of decent work.
View original language description ↓
El banco comunal Las Mariposas está conformada por diez integrantes, madres solteras con 15 hijos bajo su responsabilidad. Estas mujeres son originarias del Sauce lugar que está ubicado en la zona norte del país. Ellas se caracterizan por ser personas trabajadoras, responsables, con ganas de superación personal. Lamentablemente no pudieron estudiar por falta de recursos económicos, y se vieron obligadas a trabajar desde temprana edad, para ayudar con los gastos del hogar. Por lo cual luchan día a día para brindarles un futuro mejor a sus pequeños hijos.
Danelia es la coordinadora del banco comunal Las Mariposas, y tiene por actividades 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 shapoo, cajas de fósforos, cigarros por unidad, arroz, frijoles, azúcar, leche, pan, huevos, detergente, verduras, tiste. Ella dedica a su actividad unas 12 horas diarias, ofreciendo sus productos. El objetivo del crédito es invertir en productos comestibles en cantidades pequeñas, para que en un futuro no muy lejano pueda obtener mejores ingresos. El banco comunal Las Mariposas 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.

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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 127
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A portion of Las Mariposas Group's $3,325 loan helped a member to invest in her business and stock her store with products such as shampoo, matches, cigars, rice, beans, sugar, milk, bread, eggs, detergent, vegetables, and tiste.
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
Jun 5, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 5, 2013