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El Buen Pastor Group
In this Group: Maria Isabel , Juan Carlos , Martha , Catalina, Daneysis Yessenia, Ana Patricia, Gloria Del Socorro, Eufemia

Update on El Buen Pastor Group

The communal bank El Buen Pastor (The Good Shepherd) is made up of eight members, seven women and one man. All are over the age of 18, and they are responsible for ten children. They are from Sauce, located in the northern part of the country. It is known for producing milk products, curds, and cream. The bank members are people from the same community who decided to join together to reap the benefits of a loan as a group, since they know each other and support each other in their different economic activities.

Gloria is the coordinator for the bank, and is responsible for the time and manner of payments. She sells milk, cuajada (milk curd), and cream as a street vendor, and from her home. She works about 10 hours a day, selling curds in her community and in the surrounding areas, loading a basket with 15kg to sell her product daily. The purpose of the loan is to invest in working capital and be able to buy more curds to increase her income and satisfy her customers. El Buen Pastor communal bank thanks the Kiva lenders who help people with few resources from poor countries like Nicaragua to have a dignified way to make a living.
View original language description ↓
El banco comunal el Buen pastor está conformado por ocho integrantes, siete mujeres, y un hombre. Todos mayores de edad, responsables de 10 hijos bajo su responsabilidad. Ellos son originarios del Sauce, lugar que está ubicado en la zona norte del país. Lugar que se caracteriza por ser productivo en los derivados de la leche, cuajada, crema. Los integrantes del banco son personas de la misma comunidad la cual decidieron unirse para obtener el beneficio del desembolso en forma grupal ya que se conocen y se apoyan mutuamente en sus diferentes actividades económicas. Gloria es la coordinadora del banco la cual se encarga de la responsabilidad de los pagos en tiempo y forma. Ella tiene por actividad económica la venta de leche, cuajada crema de forma ambulante, y en su casa de habitación. Gloria trabaja unas 10 horas aproximadamente ofreciendo sus cuajas a en su comunidad y en las aledañas, cargado una pana de unos 15 kg para ofrecer su producto diariamente. El objetivo del crédito es invertir en capital de trabajo y poder comprar más cuajada para aumentar sus ingresos y satisfacer a sus clientes. El banco comunal el Buen Pastor 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 'Buen Pastor' (Good Shepherd) community bank has eight members who all have different businesses. They are: Gloria del Socorro, Juan Carlos, Daneysis Yessenia, Ana Patricia, Martha, Maria Isabel, Catalina and Ana Patricia. Daneysis is the group coordinator. She is in charge of ensuring the ... More from El Buen Pastor 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
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Buen Pastor Group's $1,550 loan helped a member to invest in working capital and to buy and sell milk, cuajada (milk curds), and cream.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Dec 20, 2012
Jan 2, 2013
Currency Exchange Loss:
Jul 18, 2013
This photo was used before for a previous loan for El Buen Pastor Group. It was first posted on Kiva on Jul, 2012. Learn More