Check out some available loans that are similar to this one!
Vamos En Victoria Group
In this Group: Martha Melba, Matias, Raquel De Los Angeles, Norma, Melania, Arycela Del Carmen, Ivania Del Socorro, Maria Dilia

Update on Vamos En Victoria Group

The community bank, Vamos en Victoria, is comprised of eight members, all single mothers, with 10 children under their care. It was formed in Sauce, which is located in the northern part of the country. These women grouped together to take advantage of the benefits of the loan and invest in their respective economic ventures. Maria Dilia is the coordinator of the community bank and is responsible for the bank and for the timely and accurate payments. She works as a general merchandiser, which consists of the purchase and retail sale of clothing such as pants, shirts, skirts, blouses, undergarments, and linens. The objective for this loan is investment in working capital, stocking her business, and meeting the demands of her customers. The community bank, Vamos en Victoria, appreciates the assistance that Kiva members provide to persons of minimal resources and to impoverished countries such as Nicaragua, which allows them to have dignified work.
View original language description ↓
El banco comunal Vamos en Victoria está conformado por ocho integrantes, madres soltera, con 10 hijos bajo su responsabilidad. Ella es originaria del Sauce, lugar que está en zona norte del país. Estas mujeres se unieron para aprovecha los beneficios del crédito e invertir en sus diferentes actividades económicas. María Dilia es la coordinadora del banco comunal la cual se encarga de la responsabilidad del banco y de las cuotas en tiempo y forma. Ella tiene por actividad económica la venta de mercadería en general que consiste en la compra y venta de ropa como pantalones, camisas, faldas, blusas, ropa interior, ropa de cama. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio y satisfacer la demanda de sus clientes. El banco comunal Vamos en Victoria agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

The communal bank “Vamos en Victoria” is made up of nine members, single mothers with 15 children under their responsibility and their ages range from 32 to 60 years old. All of the women are from the municipality of Sauce that is located in the northern part of the country. These women have be... More from Vamos En Victoria 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
  • 46
    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 Vamos En Victoria Group's $625 loan helped a member to invest in working capital and to purchase merchandise such as pants, shirts, skirts, blouses, undergarments, and linens.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Dec 19, 2012
Dec 26, 2012
Currency Exchange Loss:
Jun 18, 2013