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Banco Comunal Arca De Noe Group
In this Group: Martha Del Socorro, Marcela Zenayda, Jazmina Del Carmen , Adriana Esperanza, Josefa , Gladis Del Rosario, Deyanira , Linda Guadalupe, Ester Marina

Update on Banco Comunal Arca De Noe Group

The Arca de Noe (Noah’s Ark) communal bank has nine members. They are all single mothers with 24 children in their care. They are in Sauce which is located in northern part of the country. Sauce is an area known for the production cuajada (curd), cream, milk and cheese. These women have been characterized as hard-working, determined, humble people from the country. They came together in order to be eligible for a communal bank loan. They know each other and support each other with their businesses. Adriána Esperanza is the coordinator who is responsible for making sure the members make their payments on time. Adriana sells cuajada through a delivery service. She goes out to the streets to sell for ten hours a day under the intense sun with a weight of 20kg. She wants to give food and better opportunities to her children. She is requesting a loan to invest in working capital for the purchase and sale of cuajada in order to satisfy the demands of her customers and to improve her earnings. Adriana is grateful for the help the Kiva investors give to poor people and countries like Nicaragua in order to give them a decent work environment.
View original language description ↓
El banco comunal Arca de Noe esta conformado por 9 integrantes todas madres solteras con 24 hijos bajo su responsabilidad. Ellas pertenecen a la localidad del Sauce lugar que esta ubicado en la zona norte del país. El sauce se caracteriza por ser una zona productora de cuajada, crema, leche, queso. Estas mujeres se han caracterizado por ser personas trabajadoras, luchadoras, gente humilde del campo, las cuales se unieron para poder optar al crédito en la modalidad del banco comunal, todas se conocen y se respalda mutuamente en sus diferentes negocios. Adrián Esperanza es la coordinadora la cual se encarga de velar por la responsabilidad de las integrantes en el cumplimiento de sus cuotas en tiempo y forma. Adriana tiene por actividad económica la venta de cuajada de forma ambulante. Ella sala a las calles a vender una 10 horas diario bajo el intenso sol del día a día y con un peso de su pana de uno 20 kg. Para darles el sustento a sus hijos y brindarles mejores oportunidades. Ella solicita el financiamiento para invertir en capital de trabajo para la compra y venta de cuajada y poder satisfacer la demanda de sus clientes y mejoras sus ganancias. Adriana agradece la ayuda que le brindan los inversionistas kiva a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

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
  • 31
    View loans »
    Nicaragua Loans Fundraising
  • $26,398,725
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Arca De Noe Group's $3,250 loan helped a member invest in working capital for buying and selling cuajada.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Oct 22, 2012
Nov 20, 2012
Currency Exchange Loss:
Jun 18, 2013