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Banco Comunal Victoria De David Group
In this Group: Gladys Micaela, Micaela, Mariana Andrea , Juana Paula, Dania Maricela , Teodora Amparo, Mario Jose, Rosa Maria

Update on Banco Comunal Victoria De David Group

The communal bank, David's Victory, is made up of 8 members, of which 7 are women and there is also a man. They are from Sauce and all parents of families with children in their care. These people have demonstrated their payment responsibility with prior loans, making their payments in a timely manner. Unfortunately, due to a lack of economic resources they are people that have had to work hard almost all of their lives in order to move forward with their families.
Thanks to her entrepreneurial spirit and desire to move forward, Dania Maricela is the coordinator of the bank and has for a living a convenience store located in her home. Her store is a small store that sells products in small quantities like coffee, shampoo, tomato sauce, rice, beans, sugar, bread, milk, detergent and soap. The objective of the loan is to invest in working capital to stock her business in the purchase and sale of products. The communal bank is grateful for the assistance that the Kiva lenders provide to people of little resources and poor countries like Nicaragua in order to have a decent working environment.
View original language description ↓
El banco Comunal La Victoria de David, está conformada por 8 integrantes, de los cuales 7 son mujeres, y un hombre. Son originarios del Sauce, todos padres de familias con hijos bajo su responsabilidad. Estas personas han demostrado su responsabilidad de pago en los créditos anteriores pagando sus cuotas en tiempo y forma. Lamentablemente por falta de recursos económico están personas han tenido que trabajar duro casi toda su vida para salir adelante con sus familias.
Gracias a su espíritu de emprendedor y sus ganas de salir adelantes, Dania Maricela es la coordinadora del banco y tiene por actividad económica una pulpería ubicada en su casa de habitación, una pulpería es una pequeña tienda donde se vende productos comestibles y en cantidades pequeñas como sobre de café, sobre de shampoo, sobre de salsa de tomate, arroz, frijoles, azúcar, pan, leche, detergente, jabón. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de productos comestibles. El banco comunal 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 communal bank "La Victoria de David" is comprised of eight members (first and middle names): Mario Jose Mariana Andrea Micaela Gladys Mariela Norma del Carmen Juana Paula Dania Maricela Teodora Amparo This is a group of people who are resonsible and hardworking and who are highly... More from Banco Comunal Victoria De David 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
  • $25,768,275
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Comunal Victoria De David Group's $2,900 loan helped a member to invest in working capital and stock their store with products such as coffee, shampoo, tomato sauce, rice, beans, sugar, bread, milk, detergent and soap.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Jan 24, 2013
Jan 28, 2013
Currency Exchange Loss:
Oct 17, 2013