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Banco Comunal Las Mariposas Group
In this Group: Maria De La Cruz, Gergina, Marina, Jeanette Del Socorro, Pabla Teresa, Danelia Francisca, Cristina, Alma Rosa, Maria Eulogia, Lilliam
Cristina, Maria De La Cruz, Georgina, Marina, Janette Del Socorro, Pabla Teresa, Danelia Francisca, Alma Rosa, Maria Eulogia y Lilliam make up the communal bank called Las Mariposas. Cristina has had a grocery store, selling soft drinks and ornaments for more than 12 years. They are all enterprising and hardworking women who are proud of having businesses where they can be their own bosses. The reason for the loan is to buy candies, soft drinks, bread, dry grains, soups and canned goods.
View original language description ↓
Cristina, Maria De La Cruz, Georgina, Marina, Janette Del Socorro, Pabla Teresa, Danelia Francisca, Alma Rosa, Maria Eulogia y Lilliam conforman el banco comunal Las Mariposas. Cristina se dedica a una pulpería, refrescos y ornados desde hace mas de 12 años que tiene este negocio, todas son mujeres muy emprendedoras y trabajadoras por lo que se sienten muy orgullosas de tener negocios en los cuales ellas puedan ser sus propias jefas. El motivo del crédito es para la compra de golosinas, refrescos, pan, detergentes, granos básicos, sopas y enlatados.

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).

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
  • 46
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Las Mariposas Group's $1,475 loan helped a member to buy candies, soft drinks, bread, detergents, dry grains, soups and canned goods.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Oct 6, 2011
Nov 5, 2011
Currency Exchange Loss:
Apr 15, 2012