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Nuestra Señora De Guadalupe Group
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Update on Nuestra Señora De Guadalupe Group

The communal bank Nuestra Señora de Guadalupe (Our Lady of Guadalupe) is made up of nine members, mothers who are caring for their children. They are from Sauce which is located in the northern part of the country and is known for its production of milk, cheese and cream. These are hard-working, enterprising women with a strong desire for personal advancement. Unfortunately, they could not go to school and have been working since they were very young to help with household expenses.

Thanks to her efforts and desire to get ahead, Segunda is the bank coordinator. She earns her livelihood by selling curd from her house and also door-to-door. This woman's work routine is to get up very early to prepare for her sales, and then she spends about eight hours each day selling door-to-door. The purpose of the loan is to buy more ingredients for making curd, such as milk and rennet so that in the not-too-distant future she will have a better income. The communal bank Nuestra Señora de Guadalupe is grateful for the help that Kiva investors offer to people of limited resources and poor countries like Nicaragua so that they might have a dignified way to earn a living.
View original language description ↓
El banco comunal nuestra señora de Guadalupe está conformado por nueve integrantes, madres responsables de sus hijos. Originarias del Sauce, lugar que está ubicado en la zona norte del país. El sauce se caracteriza por ser una zona productora de leche, queso, crema. Estas mujeres son personas emprendedoras, trabajadoras, con ganas de superación personal. Lamentablemente no pudieron estudiar, para trabajar desde muy joven y ayudar con los gastos del hogar.
Gracias a su esfuerzo y sus ganas de salir adelante la coordinadora del banco es Segunda y tiene por actividad económica la venta de cuajada en su casa de habitación y de forma ambulante. La rutina de trabajo de esta mujer es levantarse desde muy temprana a preparar su venta, la cual desempeña de forma ambulante alrededor de unas 8 horas diarias. El objetivo del crédito es compra mas materia prima para elaborar la cuajada como leche, cuajo. Para que en un futuro no muy lejano pueda obtener mejores ingresos. El banco comunal Nuestra Señora de Guadalupe agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

Nuestra Señora de Guadalupe is made up of 8 members. They are single mother with 20 children under their responsibility. They are from Sauce, in the western part of the country. They are described as hardworking, responsible, and eager to get ahead. They fight every day to offer their young child... More from Nuestra Señora De Guadalupe 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
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $25,075,600
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuestra Señora De Guadalupe Group's $1,300 loan helped a member to invest in working capital and stock her business by buying ingredients for making curd, such as milk and rennet.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Nov 6, 2013
Nov 15, 2013
Currency Exchange Loss:
Jul 24, 2014