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Cristo Nos Ama Group
In this Group: Candida Azucena , Ramona Mercedess , Dominga , Silvia Melania , Perla Maria, Keyling Carolina, Luisa Yanin, Maria Yamilett, Guadalupe Dionisia, Azucena Cecilia, Ramona, Ramon Rufino

Update on Cristo Nos Ama Group

The communal bank “Cristo nos Ama” is made up of twelve members, 11 women and 1 man. They are all parents with 20 children between them to care for. They come from Leon, which is in the western part of Nicaragua. They are hard-working, responsible people who want to move ahead in life. They fight daily for a better future for their children. In their spare time, they like to enjoy the company of their children and to spend time as a family. These are people who were unable to study for a career because of a lack of economic resources, but they strive to be able to offer better opportunities for their children.

The co-ordinator of the group is Dominga, thanks to her drive and her desire to get on in life. Her economic activity is a neighbourhood grocery store. This is a small shop that sells supplies such as bread, milk, sugar, beans, oil, detergent, soap, eggs, cream, fruit, ice-creams, "tiste" (a powdered drink made of cornmeal and cocoa powder) and matches. She works 12 hours a day at her business, selling her products. She needs a loan to invest in working capital to stock-up her business buying and selling groceries, so that in the near future she can earn a higher income. The "Crista nos Ama" communal bank thanks Kiva lenders for providing poor people, and poor countries such as Nicaragua, with the opportunity to have a decent job.
View original language description ↓
El banco comunal Cristo nos Ama, está conformado por doce integrantes, once mujeres y un hombre, madres y padres con 20 hijos bajo su responsabilidad. Son originarios de Leon, lugar que está ubicado en la zona de occidente del país. Se caracterizan por ser trabajadores, responsables, con ganas de superación personal. Que luchan día a día para brindarles un futuro mejor a sus hijos. En sus ratos libre le gusta disfrutar de la compañía de sus hijos, y bríndales tiempo en familia. Estas personas por falta de recursos económicos no pudieron estudiar una carrera, y lucha por sus hijos y brindarles mejores oportunidades a sus hijos.

Gracia a su esfuerzo y sus ganas de salir adelante la coordinadora es Dominga y tiene por actividad económica una pulpería, es una pequeña tienda que vende productos comestibles como: pan, leche, azúcar, frijoles, aceite, detergente, jabón, huevos, crema, frutas, hielos, tiste, fósforos. Ella dedica a su negocio unas 12 horas diarias ofreciendo su producto. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de productos comestibles, para que en un futuro no muy lejano p pueda obtener mejores ingresos. El banco comunal Cristo no Ama agradece la ayuda que los inversionistas kiva les brinda a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

The "Cristo nos Ama" communal bank has ten members - nine women and one man, all responsible parents with a total of twenty children in their charge. These people are originally from Malpaisillo, in the north of the country. They are hard-working, responsible and have a desire to move ahead in l... More from Cristo Nos Ama 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
  • 119
    View loans »
    Nicaragua Loans Fundraising
  • $24,398,100
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Cristo Nos Ama Group's $4,500 loan helped a member to invest in working capital and stock-up her grocery store by buying and selling products such as bread, milk, sugar, beans, oil, detergent, soap, eggs, cream, fruit, ice-cream, tiste (a powdered drink) and matches.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2013
Listed
Nov 10, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014