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Dios Me Fortalece Group
In this Group: Jacinta Del Socorro, Margarita Maria, Ines , Paula Victoria, Reymundo Nicasio, Marcela Del Carmen, Teresa , Amada Jessenia, Ana Francisca , Yelba, Manuel Maria, Mercedes Petrona, Heysell Jessenia*, Santos*
* not pictured

Update on Dios Me Fortalece Group

The “Dios Me Fortalece” (God Strengthens Me) communal bank has 14 members: Teresa, Jacinta, Manuel, Amada, Heyssel, Mercedes, Ana, Reymundo, Yelva, Inés, Paula, Marcela, Margarita and Santos. They all have different economic activities but always support each other for the group’s wellbeing and progress.

Currently, Teresa is group coordinator and she watches over the group’s good functioning and good communication. Her economic activity is crafts and she’s asking for this financing to buy supplies like: brushes, clay, paint and molds, among others.
View original language description ↓
El banco comunal Dios me fortalece esta comformado pro 14 integrantes Teresa, Jacinta, Manuel, Amada, Heyssel, Mercedes, Ana, Reymundo, Yelva, Ines, Paula, Marcela, Margarita, Santos todos tienen diferentes actividades economica diferentes pero siempre se apoyan mutuamente para el bienestar y progreso del grupo, en la actulidad Teresa es la coordinadora del grupo la cual vela por el buen funcionamiento del grupo y la buena comunicación, ella se dedica a la actividad economica de la artesania y esta solicitando el finananciamiento para la compra de materiales como: pincel, barro, pintura, moldes, entre otros.

Previous Loan Details

The Communal Bank “Dios Me Fortalece” is made up of 13 entrepreneurs that have worked with Fundacion Leon 2000 and have demonstrated themselves to be very responsible people and ready to grow their businesses every day. Each of the entrepreneurs has his/her own business in which they support each... More from Dios Me Fortalece 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
  • 71
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Dios Me Fortalece Group's $2,325 loan helped a member to buy crafts-making supplies.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
May 28, 2012
Jun 22, 2012
Currency Exchange Loss:
Nov 15, 2012