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Divino Niño Sauce Group
In this Group: Maria Del Socorro, Luisa Emilia, Daniel De Jesus, Liduvina Del Socorro, Rosa Emelida, Karen De Fatima, Lorena Yamilet, Erminia Ancelma, Edwin David, Maria Alejandra

Update on Divino Niño Sauce Group

The communal bank Divino Nino el Sauce is made up of ten members, eight women and one man, responsible mothers and fathers with 12 children under their care. They are originally from Sauce, a place that is located in the western area of the country. They are characterized by being responsible and hard-working, with the desire for self-improvement. In their free time they like to enjoy the company of their children and spend quality time with them. Unfortunately, they were not able to study and they saw themselves as obligated to work from a young age.

Thanks to her effort and her desire to succeed, Karen is the coordinator of the communal bank and works in a fritanga that is located in her home. A fritanga is a restaurant that sells home-cooked food like roasted meat, roast chicken, tacos, gallo pinto, tajadas, ripe plantains, fried cheese, and manuelitas. She dedicates around 10 hours a day to her business, preparing and selling the food.

The objective of the loan is to invest in work capital and supply her business purchasing and selling food products for the fritanga, for which in the not-too-far future she will be able to receive a better income. The communal bank Divino Nino el Sauce is thankful for the help the Kiva lenders provide to people of few resources and poor countries like Nicaragua, so they are able to have a dignified job.
View original language description ↓
El banco comunal Divino Nino el Sauce está conformado por diez integrantes ocho mujeres y un hombre, madres y padres responsables con 12 hijos bajo su responsabilidad. Son originarios del Sauce lugar que está ubicado en la zona de occidente del país. Se caracterizan por ser responsables, trabajadoras, con ganas de superación personal. En sus ratos libres le gusta disfrutar de la compañia de sus hijos, y pasar tiempo de calidad. Lamentablemente no pudieron estudiar y se vieron obligados a trabajar desde temprana edad.
Gracias a su esfuerzo y sus ganas de salir adelante Karen es la coordinadora del banco comunal y tiene por actividad económica la venta de fritanga ubicada en su casa de habitación, una fritanga es la venta de comida casera como carne asada, pollo asado, tacos, gallo pinto, tajadas, maduros, queso frito, manuelitas. Ella dedica a su negocio unas 10 horas diarias en la preparación de la comida y la venta de la misma. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de productos comestibles para la fritanga, para que en un futuro no muy lejano pueda obtener mejores ingresos. El banco comunal Divino Nino el Sauce 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 trabaja digno.

Previous Loan Details

The Divino Niño El Sauce communal bank is made up of eight members, seven women and one man who are single parents with 20 children. They're from El Sauce, located in the northern part of the country. These members are hardworking and responsible people with a desire for personal improvement. ... More from Divino Niño Sauce 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
  • 64
    View loans »
    Nicaragua Loans Fundraising
  • $25,083,125
    Funds lent in using Kiva
  • 25.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Divino Niño Sauce Group's $1,725 loan helped a member to invest in work capital and supply her business purchasing and selling food products for her restaurant, such as chicken, tomatoes, red meat, lettuce, cream, tortillas, plantains, potatoes, and ripe plantains.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Sep 18, 2013
Sep 28, 2013
Currency Exchange Loss:
May 17, 2014