Divino Nino Group
Update on Divino Nino GroupDivino Niño Communal Bank is made up of nine members from the rural community known as Achuapa. These people describe themselves as hardworking and responsible with a desire for personal self-improvement. Unfortunately they weren't able to continue their studies because they needed to work from a very young age. Currently they are fighting hard to complete their dreams such as giving their children education, housing, and stability.
Thanks to her effort and desire to get ahead, Elsa is the coordinator of the communal bank. She makes a living running a "pulpería." A "pulpería" is a small store that sells food items such as matches, oil, rice, beans, sugar, milk, bread, eggs, cream. She dedicates more than 12 hours a day to her business, which is located at her house. She gets up very early to take advantage of the morning. Twice a week she does the shopping to stock her store. Despite the hard work she does she is very satisfied with her job since it has been her means of supporting the family and satisfying their needs. The goal of the loan is to invest in working capital and stock her business by purchasing food products so she can earn a better income in the near future. Divino Niño Communal Bank is grateful for the help that Kiva lenders give to low-income people and poor countries like Nicaragua so they have the means for a decent job.
La asociación comunal Divino niño está conformada por nueve integrantes, son originarios de zona rural llamada Achuapa, estas persona se caracterizan por ser trabajadoras responsables con ganas de superación personal, lamentablemente por falta de recursos económicos no pudieron estudiar y se vieron obligados a trabajar desde muy joven, pero como todas las personas tiene sueños y metas como es formar a sus hijos en profesionales, y mejorar sus vivienda para brindarle estabilidad a su familia, por lo cual lucha día a día para lograr sus objetivos de vida.
Gracia a sus esfuerzos y sus ganas de salir adelante, la coordinadora es Elsa y tiene por actividad económica una pulpería, es una pequeña tienda que vende productos comestibles como: fósforos, aceite, arroz, frijoles, azúcar, pan, huevo, leche, crema. En cantidades pequeñas, ubicada en su casa de habitación. Ella dedica a su negocio una doce horas diarias, se levanta muy temprano para aprovecha y hacer compras dos veces por semana para surtir su negocio, las compras la realiza en el mercado de localidad, lugar que queda alejado de su comunidad tiene que viajar dos veces por semana. A pesar de los esfuerzo que pueda realiza se siente muy sastifecha con medio de trabajo, ya que ha sido me medio para proveer a su familia y satisfacer sus necesidades. El objetivo del crédito es invertir en capital de trabajo y surtir su pulpería, para que en un futuro no muy lejano pueda obtener mejores ingresos. La asociación comunal Divino Niño agradece la ayuda que los inversionistas kiva les ofrecen a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.
Previous Loan DetailsDivino Niño Communal Bank is made up of 10 members, 8 women and 2 men, mothers and fathers of 20 dependent children among them. They're from the northern part of the country. These people describe themselves as hardworking and responsible with a desire for personal self-improvement. In their spar... More from Divino Nino 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.
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Success!! The loan was 100% repaid