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Banco Comunal Arca De Noe Group
In this Group: Martha Del Socorro, Marcela Zenayda, Jazmina Del Carmen , Adriana Esperanza, Blanca Nubia, Josefa , Gladis Del Rosario, Deyanira

Update on Banco Comunal Arca De Noe Group

The communal bank Arca de Noe [Noah’s Ark] is made up of 8 members, all enterprising women who have joined together to support each other and to move forward. This is not the first loan this group has received. They have asked for loans in the past and have been excellent clients, maintaining a very good credit rating.

Josefa is 50 years old, her children are now adults and they help her financially. The business she makes her living in is selling tortillas. She wakes up very early to work and so that she can serve her customers well. Josefa is asking for a loan to invest in her business by buying, among other things, maize, a tortilla-pan, lime, and bags.
View original language description ↓
El Banco Arca de Noé está conformado por 8 integrantes en el cual son mujeres emprendedoras que se unieron para salir adelante y apoyarse entre ellas, este no es el primer crédito de este grupo, ya que anteriormente habías solicitado crédito y fueron excelente cliente manteniendo su record crediticio muy bueno. Josefa tiene 50 años, ya sus hijos están grande y la ayudan económicamente, su actividad económica a la que se dedica es la venta de tortilla se levanta muy temprano para trabajar y poder servirle a sus clientes un buen servicio. Josefa está solicitando crédito para invertir en el negocio en la compra de maíz, comal, cal, bolsas entre otros.

Previous Loan Details

The Arca De Noé (Noah's Ark) communal bank is made up of Josefa, Marcela Zenayda, Jasmina Del Carmen, Adriana Esperanza, Martha Del Socorro, Blanca Nubia, Gladis Del Rosario and Deyanira. They are very responsible women who enjoy having a way to make a living and move forward. Martha has sold ... More from Banco Comunal Arca De Noe 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
  • 62
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Arca De Noe Group's $2,475 loan helped a member to buy, amongst other things, maize, a tortilla-pan, lime, and bags.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Apr 18, 2012
May 14, 2012
Currency Exchange Loss:
Nov 15, 2012
This photo was used before for a previous loan for Banco Comunal Arca De Noe Group. It was first posted on Kiva on Sep, 2011. Learn More