Nuestra Esperanza Group
Update on Nuestra Esperanza GroupThe communal bank Nuestra Esperanza [Our Hope] is made of ten members of the same community. They are hard-working, responsible people who have dreams and goals to reach in their personal lives as well as the workplace.
The Nuestra Esperanza members are engaged in different economic activities that are the means of subsistence for them and their children, to support and offer the children oportunities to study, despite the adversities and sacrifices encountered day by day.
Zayda is the coordinator. Thanks to her efforts and desire to get ahead, she has a small general store in her home, where she sells food products in small quantities, such as rice, beans, sugar, oil, soap, milk, bread, cuajadas [milk curd], matches, ice cubes, tiste and chicha [typical drinks].
She works about twelve hours per day. She gets up at 5am to receive her clients. A lot of her time is required by the store, in order to keep her clients and stock the products in demand. She closes 9 pm, seven days a week. In this way, she has been able to raise her children and to earn her daily bread through decent work. She has set many goals for herself, such as to finish her house, and to prepare her children to follow professional careers.
The communal bank Nuestra Esperanza is thankful to the Kiva lenders for the assistance offered to bring a better future to countries of scarce economic resources, such as Nicaragua.
El banco comunal Nuestra Esperanza está conformado por diez integrantes, personas que corresponden a la misma comunidad, trabajadoras, responsables, con sueños y metas que cumplir tanto personal como laboral. Los integrantes de nuestra esperanza tienen diferentes actividades económicas el cual es su medio de trabajo para subsistir con sus hijos, apoyarlos y brindarles oportunidades de estudios, a pesar de las adversidades, los sacrificios que tengan que realizar en su día a día.
Gracias a su esfuerzo y sus ganas de salir adelante, la coordinadora es zayda y tiene por actividad económica , una pulpería en su casa de habitación, es una pequeña tienda que vende productos comestibles en cantidades pequeñas como : arroz, frijoles, azúcar, aceite, jabón, leche, pan, cuajadas, fósforos, hielos, tiste, chicha.a la cual dedica una doce horas diarias, ella se levanta a la 5 am para poder atender la a sus clientes, ya que una pulpería demanda mucho tiempo porque así es como logra mantener a los clientes y surtir su negocio con la demanda de clientes, y cierra hasta las nueve de la noches, todos los días de la semana, de esa forma es como ha podido sacar adelante a sus hijos, y tener un trabajo digno para ganarse el pan de cada día. Ella se ha propuesto muchas metas, como termina su casa, y preparar a sus hijos y en formarlos en profesionales. El banco comunal Nuestra Esperanza agradece la ayuda de los inversionistas kiva la ayuda que brindan a países de escasos recursos económicos como es Nicaragua para tener un futuro mejor.
Previous Loan DetailsNuestra Esperanza (Our Hope) community bank consists of ten members, single mothers with eight children under their responsibility. They are from el Sauce, which is located in the north of the country. These people are characterized as hard working, responsible, and with the desire for self… More from Nuestra Esperanza Group's previous loan »
Fundación Leon 2000This 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.
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Success!! The loan was 100% repaid