Check out some available loans that are similar to this one!
Banco Comunal Divino Niño Group
In this Group: Alba Justina, Modesta, Lucia, Rene Antonio, Gregoria, Jardiel Calixto, Valentina, Doraldina, Yesica Yudelka, Reyna Isabel, Sayra Noelia

Update on Banco Comunal Divino Niño Group

The Divino Niño Communal Bank is made up of eleven entrepreneurs who have already worked with Fundación León 2000. They have taken out a loan previously, and they proved themselves to be hard-working people with a desire to get ahead. They are entrepreneurs who support each other and get ahead together, advising each other about their businesses. Doña Modesta is a member of this group. She has a general store in her own home. This entrepreneur is requesting a loan for the purchase of products such as basic grains, oil, soap, detergent, bread, candy, and other products that her customers are requesting.
View original language description ↓
El Banco Comunal Divino Niño esta conformado por once emprendedores que ya han venido trabajando con Fundación León 2000, en crédito otorgados anteriormente en el cual este grupo ha demostrado ser personas trabajadoras y con ganas de salir adelante, son emprendedores que se apoyan y juntos salen adelante se aconsejan en cada uno de los negocios que tiene. Doña Modesta es parte de este grupo y su actividad es una pulpería que la tiene ubicada en su casa de habitación donde atiende a sus clientes que la visitan, esta emprendedora está solicitando financiamiento para la compra de productos como granos básicos, aceite, jabón, detergente, pan, golosinas entre otros productos que le solicitan sus clientes.

Previous Loan Details

Alba Justina is 45 years old and a member of the Communal Bank “Divino Niño” (Divine Child). Joining Alba in this group are Modesta, Lucia, René, Gregoria, Telma, Jardiel, Valentina, and Doraldina. Alba manages a store. Most of her customers come to buy a variety of products that she offe... More from Banco Comunal Divino Niño 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
  • 46
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD
A portion of Banco Comunal Divino Niño Group's $3,500 loan helped a member to buy basic grains, oil, soap, detergent, bread, candy, and other products that her customers are requesting.
Repayment Term
9 months (Additional Information)
Repayment Schedule
Mar 30, 2012
May 4, 2012
Currency Exchange Loss:
Jun 3, 2012