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El Mana Group
In this Group: Aleyda , Ilda Victoria , Anielka Maria , Yolanda , Janeth Del Socorro, Rita De Jesus , Yarleni Del Socorro, Blanca Nubia, Luder Antonio, Paulina Del Carmen, Maria Del Rosario

Update on El Mana Group

The "El Mana" communal bank is composed of 11 members--10 are woman, and one is a man. They all have families, with a total of 20 children for whom they are responsible. The members of this bank are characterized by being responsible and hard-working people who have demonstrated their ability to make payments on time with previous loans. They are originally from the same community, which is how they know each other, and for this reason decided to come together and form a bank to obtain credit that can be invested in their different businesses. María del Rosario is the coordinator of the El Mana communal bank, which means that she watches over the group and is responsible for the members. Her business is a small grocery store located in her home. In her shop, she sells small quantities of things such as shampoo, coffee, tomato sauce, cigars, rice, tiste (a local beverage), sugar, milk, bread, beans, vegetables, cheese, cream, and eggs. The purpose of this loan is to use it as capital and stock María del Rosario's small grocery store with comestibles and other products. María del Rosario is grateful for the support that Kiva lenders provide to people with few resources and to poor countries such as Nicaragua, so that people can have honest work.
View original language description ↓
El banco comunal el Mana está conformado por 11 integrantes, de los cuales son 10 mujeres y un varón, todos con familias con 20 hijos bajo su responsabilidad. Los integrantes de este banco se caracterizan por ser personas responsables, trabajadoras, buenas pagas los cual lo han demostrado en los créditos anteriores en tiempo y forma. Ellos son originarios de la misma comunidad se conocen entre sí y por eso decidieron unirse y formar el banco para beneficiarse del crédito e invertir en sus diferentes negocios. María del Rosario es la coordinadora del banco comunal el Mana la cual se encarga de verla por la unión y responsabilidad de lo integrantes. Ella tiene por actividad económica una pulpería ubicada en su casa de habitación. Una pulpería es una pequeña tienda de comestible que vende en cantidades pequeñas como sobre de shampoo, sobre de café, sobre de salsa de tomate, cigarro por unidad, arroz, tiste, azúcar, leche, pan, frijoles, verduras, queso, crema, huevos. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en compras de productos comestible para surtir su pequeña pulpería. María del Rosario agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

The “El Mana” communal bank is composed of 8 entrepreneurs who have joined together to form this group and support each other, come up with new ideas for their businesses and to get ahead with each of their businesses. This group of entrepreneurs has well defined goals which are to enlarge their... More from El Mana 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
  • 45
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Mana Group's $2,750 loan helped a member to stock her small grocery shop with comestibles such as coffee, tomato sauce, cigars, rice, tiste (a local beverage), sugar, milk, bread, beans, vegetables, cheese, cream, and eggs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Dec 7, 2012
Dec 21, 2012
Currency Exchange Loss:
Jun 18, 2013