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Sutiava Group
In this Group: Maria De La Concepcion, Ivania, Tomasa Claudina, Barbara, Xiomara Del Carmen, Martha Patricia, Maribel Graciela, Els Patricia, Reyna Isabel, Fania Yudel, Paula Del Socorro*
* not pictured

Update on Sutiava Group

The community bank Sutiava is made up of 11 members: Barbara, Maria de la Concepcion, Reyna Isabel, Elsa Patricia, Pabla del Socorro, Tomasa Claudina, Xiomara del Carmen, Fanina Yudel, Ivania, Maribel Graciela and Martha Patricia.

Each of the group members dedicates their time and efforts to different trades. Maria de la Concepcion is the group coordinator, and is in charge of ensuring that each member fulfills their respective roles and duties. Maria operates a used clothing sales business, and plans to use the support from this loan to purchase bundles of clothing for children and adults in bulk.
View original language description ↓
El banco comunal sutiava esta comformado por 11 intregrantes los cuales son: Barbara, Maria de la concepcion , Reyna Isabel, Elsa Patricia,Pabla del Socorro, Tomasa Claudina, Xiomara del Carmen, Fania Yudel, Ivania , Maribel Graciela, Martha Patricia. Las actividades de cada una son diferentes, Maria de la Concepcion es la cordinadora del banco la cual se encarga del cumplimiento de cada miembro del banco, Maria de la Concepcion tiene por venta de ropa usada la cual consisten en comprar pacas de ropa de niño adulto.

Previous Loan Details

The communal bank "Sutiava" is comprised of ten members who are all women entrepreneurs who have joined together to be able to obtain loans. These loans aregiving them good results because they all are good communicators, work as a team and help each other mutually with different initiatives to ... More from Sutiava 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
  • 54
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Sutiava Group's $1,525 loan helped a member to purchase bundles of clothing for children and adults.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jul 17, 2012
Jul 27, 2012
Currency Exchange Loss:
Dec 15, 2012
This photo was used before for a previous loan for Sutiava Group. It was first posted on Kiva on May, 2012. Learn More