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El Mana Group
In this Group: Aleyda , Ilda Victoria , Anielka Maria , Yolanda , Janeth Del Socorro, Rita De Jesus , Yarleni Del Socorro, Paulina Del Carmen, Maria Del Rosario, Angela , Osmany Grabiel, Sandra Patricia

Update on El Mana Group

“El Maná” (Manna) has 12 members: 11 women and one man, all responsible mothers and fathers with 25 children in their care. They are from El Sauce, a place located in the north of the country. They are noted for being responsible, hardworking people who very much want to get ahead. They enjoy spending their free time with their families. Unfortunately she was unable to attend university due to the lack of economic resources.

Thanks to her spirit and drive to get ahead, Yolanda’s economic activity is a home-based ‘pulpería.’ A pulpería is a small store that sells food items in small amounts like envelopes of coffee, envelopes of shampoo, envelopes of consomme, rice, beans, sugar, milk, bread and eggs. She spends about 12 hours daily selling her products.

The objective of the loan is to invest in working capital and stock her store with items to sell so that in the not too distant future she can earn higher income. The El Maná communal bank thanks Kiva lenders for the support they provide for people of scarce resources and for poor countries like Nicaragua so that dignified ways of earning a living are possible.
View original language description ↓
EL Mana está conformado por 12 integrantes once mujeres y un hombre, madres y padres responsables con 25 hijos bajo su responsabilidad. Son originarias del Sauce, lugar que está ubicado en la zona norte del país. Ellos se caracterizan por ser personas responsables, trabajadoras con ganas de superación personal. En sus ratos libres le gusta disfrutar en familia. Lamentablemente no pudo cursar una carrera universitaria por falta de recursos económicos.
Gracias a su espíritu y sus ganas de salir adelante Yolanda 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 pequeñas como sobre de café, sobre de shampoo, sobre de consomé, arroz, frijoles, azúcar, leche, pan, huevos, ellas dedica a su negocio 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 comestibles, para que en un futuro no muy lejano pueda obtener mejores ingresos. El banco comunal EL mana 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 Details

The "El Mana" communal bank is composed of 11 members--10 are woman, and one is a man. They all have families, with a total of 20 children for whom they are responsible. The members of this bank are characterized by being responsible and hard-working people who have demonstrated their ability to ... More from El Mana 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
  • 76
    View loans »
    Nicaragua Loans Fundraising
  • $25,413,450
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Mana Group's $3,575 loan helped a member to buy stock merchandise for her store.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
May 28, 2013
Jun 19, 2013
Currency Exchange Loss:
Dec 17, 2013