Cristo Nos Guia Group
Update on Cristo Nos Guia GroupCristo Nos Guía Communal Bank is made up of 10 members, single mothers with 15 children in their care. These women are known for being hardworking and responsible with a desire for personal improvement. They're from El Sauce, located in the northern part of the country. In their free time they enjoy being with their families and like to make traditional regional dishes such as "nacatamales" [Nicaraguan-style tamales]. Unfortunately, because of a lack of financial resources, they had to work from a young age and weren't able to pursue an education. They strive every day, however, to give their children a better future.
The coordinator of the communal bank is Martha, whose job is a "pulpería" located in her home. A pulpería is a small store that sells food products in small quantities: rice, beans, sugar, bread, milk, juice, detergent, soda, "tiste" [a corn and cocoa drink], eggs, and matches.
The goal of the loan is to invest in working capital and stock her business buying and selling products. She works in her business some 12 hours a day, selling her products with great enthusiasm.
Cristo Nos Guía Communal Bank is grateful for the help that Kiva lenders give to low-income people and poor countries such as Nicaragua so they have the means to a decent job.
La coordinadora del banco comunal es Martha y tiene por actividad económica una pulpería ubicada en su casa de habitación. Una pulpería es una pequeña tienda que vende productos comestibles como arroz, frijoles, azúcar, pan, leche, jugos, detergentes, gaseosas, tiste, huevos fósforos, en cantidades pequeñas. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de productos.Ella dedica a su negocio unas 12 horas diarias ofreciendo sus productos actividad que la desempeña con mucho gusto. El banco comunal Cristo Nos guía 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 Cristo Nos Guia (Christ Guides Us) consists of 11 members, all single mothers with 18 children under their responsibility. These women are characterized by being hard-working and responsible with the personal will to overcome. They have had to work since they were very young, si... More from Cristo Nos Guia 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
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