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Banco Comunal La Esperanza Group
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Update on Banco Comunal La Esperanza Group

El Banco Comunal la esperanza está conformado por 14 integrantes todas madres solteras, de la comunidad del Sauce, lugar que está ubicado en la zonThe “La Esperanza” communal bank has 14 members, all single mothers, who are from the town of El Sauce, which is located in the north of the country. These women are responsible, hardworking and of good character: determined humble women. Norma is the bank coordinator, which means it is her responsibility to make sure the group members make the correct payments and on time.

Her own economic activity is the buying and selling of pigs. She carries out her work by visiting other towns and villages in search of pigs to sell on. The aim of this loan is to invest in working capital and stock her business in order to take advantage of the increased sales during the Christmas period. The communal bank is grateful for the help given by Kiva investors to people with scarce resources and in poor countries, like Nicaragua, so that they can have a way to achieve a decent job.
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El Banco Comunal la esperanza está conformado por 14 integrantes todas madres solteras, de la comunidad del Sauce, lugar que está ubicado en la zona norte del país. Estas mujeres se caracterizan por ser responsables, trabajadoras, de buenas costumbres. Mujeres luchadoras humildes. Norma es la coordinadora del banco la cual se encarga de la responsabilidad de las integrantes del grupo en cuanto a sus pagos en tiempo y forma. Ella tiene por actividad económica la compra y venta de cerdos en pie. La rutina de esta mujer es salir a las comunidades a busca lote de cerdos para la venta. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio y aprovechar las mejores ventas de la temporada navideña. El banco comunal 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 "La Esperanza" (The Hope) consists of 12 members, all of whom engage in different business activities that enable them to support one another. They previously took out a loan with Fundación León 2000 and have demonstrated that they are hardworking and responsible. The presiden... More from Banco Comunal La Esperanza 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
  • $25,767,775
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal La Esperanza Group's $1,975 loan helped a member to invest in working capital and buy pigs to sell on.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Dec 11, 2012
Dec 21, 2012
Currency Exchange Loss:
Jul 18, 2013