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Banco Comunal Amor De Mujeres Group
In this Group: Otilia Maryini, Jeyling Josefa, Gertrudis Del Socorro, Oneyda De La Cruz, Meylin Del Socorro, Lourdes Cecilia, Migdania, Reyna Rafaela , Yalma , Martha Lorena, Ana Francisca, Kenia Elena, Ana Maria , Ana Julia , Telma

Update on Banco Comunal Amor De Mujeres Group

The Amor de Mujeres communal bank is made up of 15 members, responsible single mothers with a total of 35 children under their care. They are from El Sauce, a place located in the northern part of the country. El Sauce is a place characterized by milk production and cheese curds. They are hardworking, responsible people who are eager to get ahead. These women fight day to day to get their little children ahead and offer them a better future, since they themselves couldn't go to school due to a lack of resources and had to start working at a young age.


Jeylin Josefa is the coordinator of the communal bank and her economic activity is selling various items of new clothing such as pants, shirts, dresses, socks, camisoles, t-shirts, underwear, sheets and towels. The purpose of the loan is to invest in working capital and stock her business buying and selling new clothing so that in future she can make more income. She works at her business for about 10 hours a day, offering her merchandise as a street vendor with a 20 kg pack. The Amor de Mujeres communal bank is grateful for the help from the Kiva investors offer people of low income in poor countries such as Nicaragua so that they can have dignified work.
View original language description ↓
El banco comunal Amor de Mujeres, está conformado por 15 integrantes, madre solteras responsables, de 35 hijos bajo su responsabilidad. Son ordinarias del Sauce lugar que está ubicado en la zona de norte del país. El Sauce es un lugar que se caracteriza por la producción de leche y quesos cuajadas. Son personas trabajadoras, responsables, con ganas de superación personal. Estas mujeres luchan día a día para sacar adelante a sus pequeños hijos y brindarles un futuro mejor, ya que ellas no pudieron estudiar por falta de recursos económicos, se vieron obligadas a trabajar desde temprana edad.
J
eylin Josefa es la coordinadora del banco comunal y tiene por actividad económica la venta de ropa nueva variada como pantalones, camisas, faldas, short, vestidos, calcetas, camisolas, camisetas, ropa interior, sabanas toallas. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de ropa variada, para que en un futuro no muy lejano pueda obtener mejores ingresos. Ella dedica a su negocio unas 10 horas diarias ofreciendo su mercadería, de forma ambulante con un bulto de unos 20 kg. El banco comunal Amor de Mujeres 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 communal bank "Amor de Mujeres" is composed of sixteen members, all married. In total, the members have 20 children. They are hardworking, responsible and humble women, with a strong will to thrive and get ahead in life with their children. They come from the Sauce region, located in the nort... More from Banco Comunal Amor De Mujeres 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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $23,485,000
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Amor De Mujeres Group's $4,725 loan helped a member to invest in working capital and stock her business of buying and selling merchandise such as pants, shirts, skirts, shorts, dresses, socks, camisoles, t-shirts, underwear, sheets and towels.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2013
Listed
Jul 18, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2014
This photo was used before for a previous loan for Banco Comunal Amor De Mujeres Group. It was first posted on Kiva on Nov, 2012. Learn More