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San Jose Group
In this Group: Maribel , Felix Ramona , Modesta , Irma , Jacinta Del Socorro , Hipolita , Floribel , Rolando Jose

Update on San Jose Group

The communal bank San José is made of 8 members, 7 women and one man, fathers and mothers who are responsable for 20 children. They come from Sauce, a place located in the western zone of the country. These people are characterized by being responsible, hardworking, and with the desire to personally rise. This is what they fight for day by day - to bring a better future to their children.

The Communal Bank coordinator is Floribel and she works at a convenience shop, a small shop that sells food products in small quantities like boxes of matches, instant coffee packets, shampoo packets, salsa packets, rice, beans, sugar, milk, eggs, bread, soap, and detergent, which is located in her house. She dedicates herself to her business, offering products for 12 hours daily. The objective of this loan is to invest in work capital and stock her business so that in the not so distant future she can make better earnings. The communal bank San José is grateful for the help from the financiers from Kiva, which provide the people with a few resources in poor countries like Nicaragua to have the means to make a decent living.
View original language description ↓
El banco comunal San José está conformado por 8 integrantes, siete mujeres y 1 hombre, padres y madres responsables con 20 hijos bajo su responsabilidad. Son originarios del Sauce, lugar que está ubicado en la zona de occidente del país. Estas personas se caracterizan por ser responsables, trabajadoras, con ganas de superación personal. Lo cual lucha día a día para brindarles un futuro mejor a sus hijos.

La coordinadora del banco comunal San José es Floribel y tiene por actividad económica una pulpería ubicada en su casa de habitación, una pulpería es una pequeña tienda que vende productos comestible y en cantidades pequeñas como caja de fosforo, sobre de café, sobre de shampoo, sobre de salsa, arroz, frijoles, azúcar, leche, huevos, pan, jabón, detergente. Actividad que la desempeña en su casa de habitación. Ella dedica a su negocio unas 12 horas diarias ofreciendo sus productos. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio, para que en un futuro no muy lejano pueda obtener mejores ingresos. El banco comunal San José 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 San José community bank has nine members who are all women aged between 30 and 60. They have 15 children in their care and live in the town of El Sauce, in the north of the country. El Sauce is known for its milk, curds and cream production, for its corn growing and for its pig raising. Al... More from San Jose 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
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of San Jose Group's $1,950 loan helped a member to invest in working capital and stock her convenience shop with the purchase of food products like boxes of matches, instant coffee packets, shampoo packets, salsa packets, rice, beans, sugar, milk, eggs, bread, soap, and detergent.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Mar 13, 2013
Mar 19, 2013
Currency Exchange Loss:
Sep 17, 2013