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Fe Y Esperanza Group
In this Group: Candida Rosa, Heyling Del Pilar, Elieth Maria, Rosa Emilia, Gloria Isabel, Mariela Mercedes, Maria Candelaria, Yudis Dayana, Maria Del Socorro

Update on Fe Y Esperanza Group

The Fe y Esperanza [Faith and Hope] Communal Bank is made up of nine members, single mothers who have for ten children between them. They are from Malpaisillo, in western Nicaragua. These woman are hardworking, trustworthy, and ambitious to improve their lives. They enjoy spending free time with their families, but are now striving to provide greater opportunities to their children.

Cándida is the group's coordinator and runs a small convenience store where she sells small amounts of groceries such as rice, beans, sugar, milk bread, juice, cooking oil, sodas, and eggs. Cándida works 12 hours a day at her store selling these goods. She is applying for a loan so that she can invest in working capital, increase her inventory, and earn higher income in the near future.

The members of Fe y Esperanza group are grateful to Kiva lenders for the support they provide to people of limited means in poor countries such as Nicaragua. This support helps borrowers earn a decent, honest living.
View original language description ↓
La asociación comunal Fe y Esperanza está conformada por nueve integrantes, madre solteras con diez hijos bajo su responsabilidad. Son originarias de Malpaisillo lugar que está ubicado en la zona de occidente del país. Estas mujeres se caracterizan por ser trabajadoras, responsables, con ganas de superación personal. En sus ratos libre les gusta disfrutar de las compañías de sus familiares. En la actualidad luchan para brindarles a sus hijos mejores oportunidades.
Gracias a su esfuerzo y sus ganas de salir adelante Cándida es la coordinadora y tiene por actividad económica una pulpería es un pequeña tienda que vende productos comestibles en cantidades pequeñas como arroz, frijoles, azúcar, leche, pan, jugos, aceite, gaseosas, huevos. Ella dedica a su negocio unas 12 horas dirías ofreciendo sus productos. 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. Fe y Esperanza 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

The Fe y Esperanza (Faith and Hope) communal bank is made up of 12 members, all of whom are single mothers with 20 children under their care. They are natives of Malpaisillo, a place located in the northern region of the country. The members are described as hardworking, responsible and ambitious... More from Fe Y Esperanza 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
  • 71
    View loans »
    Nicaragua Loans Fundraising
  • $25,045,725
    Funds lent in using Kiva
  • 25.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Fe Y Esperanza Group's $3,925 loan helped a member to invest in working capital and increase her store's inventory of goods, such as rice, beans, sugar, bread, juice, cooking oil, sodas, and eggs.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Dec 11, 2013
Jan 19, 2014
Currency Exchange Loss:
Aug 17, 2014