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Las Mercedes Group
In this Group: Pia Norma, Rosa Maria, Jeronima Francisca, Juana Rosa, Rafaela Antonia, Marlen Carolina, Arelis Del Carmen, Luis Manuel
The Las Mercedes Communal Bank is made up of eight members, seven women and one man, responsible mothers and fathers with 15 children to take care of. They are from León, which is located in the western region of the country. They like to spend their free time with their children and make typical regional dishes such as nacatamal. Unfortunately, due to a lack of financial resources, they were not able to pursue degrees and instead had to work from a young age to help with the household expenses.

Norma is the communal bank's coordinator, thanks to her efforts and her desire to get ahead. She sells general merchandise, such as jeans, tops, blouses, dresses, underwear, bed linens, towels, t-shirts, camisoles, and cosmetics. She spends 10 hours a day on her business, both on foot and in her home. Her loan is to be invested in working capital and to stock her business so that she can make more profits in the near future. The Las Mercedes Communal Bank is thankful for the support Kiva's lenders offer to people with limited resources in poor countries like Nicaragua so they can do respectable work.
View original language description ↓
El banco comunal las Mercedes está conformado por ocho integrantes siete mujeres y un hombres madres y padres responsables con quince hijos bajo su responsabilidad. Son originarios de León lugar que está ubicado en la zona de occidente del país. en sus ratos libre le gusta disfrutar de la compañia de sus hijos, le preparan platos típicos de la región como “Nacatamal” lamentablemente por falta de recursos económicos no pudieron estudiar una carrera y se vieron en la necesidad de trabajar a temprana edad, para ayudar con los gastos del hogar.
Gracias a su esfuerzo y sus ganas de salir adelante Norma es la coordinadora del banco comunal y tiene por actividad económica la venta de mercadería en general como jeans, camisas, blusas, vestidos, faldas, ropa interior, ropa de cama, toalla, camisetas, camisolines, cosméticos. Actividad que dedica unas 10 horas diarias de forma ambulante y en su casa de habitación. 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 Las Mercedes agradecen 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.

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.

About Nicaragua

  • $4,800
    Average annual income
  • 69
    View loans »
    Nicaragua Loans Fundraising
  • $25,101,575
    Funds lent in using Kiva
  • 25.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Mercedes Group's $1,300 loan helped a member to invest in working capital and to stock her business buying and selling general merchandise such as jeans, tops, blouses, dresses, skirts, underwear, bed linens, towels, t-shirts, camisoles, and cosmetics.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Sep 3, 2013
Oct 8, 2013
Currency Exchange Loss:
Jan 19, 2014