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De Confianza Los Cerritos Group
In this Group: Dominga Yabett, Alda Maria , Ana Patricia , Maria Elisett, Ileana Jose, Edipcia Del Socorro, Paublo Seferino, Herminia, Tania Veronica, Bertha Rosa, Elena Aurora, Andrea Ramona

Update on De Confianza Los Cerritos Group

The communal bank Confianza los Cerritos is made up of eleven women and one man, responsible parents with 20 children in their care. They are from Malpaisillo in the central part of the country. These people are known for being hard-working, responsible, and with great drive to succeed. In their spare time they enjoy the company of their children. Unfortunately, due to lack of economic resources, they weren't able to study and had to work from an early age.

Thanks to her endeavour and ambition, María is the coordinator of the communal bank and her business is a "pulpería" located in her home. A pulpería is a small store which sells basic goods in small quantities, such as rice, beans, milk, bread, eggs, detergent, soap, coffee, and juices. She works 12 hours a day in her store.

The purpose of the loan is to invest in working capital and to stock her store so that in the not-so-distant future she will able to improve her income. The communal bank Confianza los Cerritos is grateful for the help offered by the Kiva lenders to people with scarce resources in poor countries like Nicaragua, so that they can have a decent means of work.
View original language description ↓
El banco comunal de Confianza los Cerritos está conformado por once mujeres y un hombre madres y padres responsables con 20 hijos bajo su responsabilidad. Son originarios de Malpaisillo lugar que está ubicado en la zona central del país. Estas personas se caracterizan por ser trabajadoras, responsables, con ganas de superación personal. En sus ratos libres disfrutan de la compañía de sus hijos. Lamentablemente por falta de recursos económicos no pudieron estudiar y se vieron obligadas a trabajar desde temprana edad.

Gracia a su esfuerzo y sus ganas María es la coordinadora del banco comunal y tiene por actividad una pulpería ubicada en su casa de habitación. Una pulpería es una pequeña tienda que vende productos comestibles en cantidades pequeñas como arroz, frijoles, azúcar, leche, pan, huevos, detergente, jabón, café, jugos. Ella dedica unas 12 horas diarias a su negocio, el objetivo del crédito es invertir en capital de trabajo y surtir su negocio para que en un futuro no muy lejano pueda obtener mejores ingresos. El banco comunal de confianza los cerritos 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 Confianza los Cerritos communal bank is made up of 10 members, all of whom are women from the community of Malpaisillo with 15 children in their care. These women are hardworking and responsible people who have a desire to overcome in order to give their children a better future. Juana Franc... More from De Confianza Los Cerritos 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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,406,150
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD
A portion of De Confianza Los Cerritos Group's $3,500 loan helped a member to invest in working capital and to buy groceries.
Repayment Term
9 months (Additional Information)
Repayment Schedule
Aug 13, 2013
Sep 14, 2013
Currency Exchange Loss:
Oct 14, 2013