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Banco Comunal Corazon De Jesus Group
In this Group: Maria Elsa , Alejandro De Jesus, Dominga Del Socorro, Rosa Matilde , Juana Victoria, Darliz, Juan De Jesus, Alba Yaquelin, Eveling Ruth, Melida Del Socorro

Update on Banco Comunal Corazon De Jesus Group

The Corazon communal association is made up of 10 members, eight ladies and two gentlemen; responsible mothers and fathers with 20 children between them. They live in the northern area of the country, known for producing dairy, products. They are responsible, hardworking people with a desire for personal success. Unfortunately, they were not able to study for careers due to a lack of resources and the need to go to work to help with the household expenses.

Thanks to her efforts and desire to get ahead, Melida, the group’s coordinator, has a small store where she sells food items and small quantities of rice, beans, sugar, milk, bread, eggs, detergent, juices, matches, and soft drinks.

She works 12 hours a day offering her products. She will use the money from this loan to invest into her food business so she can have better income in the near future. The Corazon association is grateful to the Kiva lenders who provide people from countries of low resources like Nicaragua, the opportunity to have a dignified source of work.
View original language description ↓
La asociación comunal Corazón de Jesús está conformada por 10 integrantes ocho mujeres y dos hombres, padres y madres y padres responsables de veinte hijos. Son originarios de la zona norte del país, lugar que se caracteriza por ser productor de productos lácteos. Son personas responsables, trabajadoras, con ganas de superación personal. Lamentablemente por falta de recursos económicos no pudieron cursar una carrera y se vieron en la necesidad de trabajar, para ayudar con los gastos de hogar.
Gracias a su esfuerzo y sus ganas de salir adelante la coordinadora es Melida tiene por actividad económica una pulpería es una pequeña tienda que v ende productos comestibles y en cantidades pequeñas como arroz, frijoles, azúcar, leche, pan, huevos, detergente, jugos, fósforos, gaseosas. Ella dedica a su negocio unas 12 horas diarias ofreciendo sus productos. 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 pueda obtener mejores ingresos. La asociación comunal Corazón de Jesús 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 trabajo digno.

Previous Loan Details

The “Corazón de Jesús” (Heart of Jesus) communal bank has 8 members; six women and two men. They are responsible mothers and fathers with 15 children they are responsible for. They are from El Sauce, a place located in the northern part of the country. They are noted for being responsible and ... More from Banco Comunal Corazon De Jesus 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
  • 95
    View loans »
    Nicaragua Loans Fundraising
  • $25,011,000
    Funds lent in using Kiva
  • 25.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Corazon De Jesus Group's $2,150 loan helped a member to stock her store.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Dec 9, 2013
Jan 19, 2014
Currency Exchange Loss:
Aug 17, 2014