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Nuestra Esperanza Group
In this Group: Yadira Antonia, Juana Epifania , Francisca Milagros , Angela Del Socorro , Martha Lorena, Martha Lorena , Zayda Del Socorro, Maria Eufemia

Update on Nuestra Esperanza Group

The Nuestra Esperanza Communal Bank is composed of 8 women, all single mothers who together have ten children in their care. All belong to the community of El Sauce which is located in the west part of the country. They are all hardworking, responsible, and with a great desire to get ahead. In spite of many difficulties, they have dreams and goals and aspirations like any person. For these reasons they work hard every day to provide a better future for their children.

Francisca Milagros is the bank coordinator. She earns her living running a ‘pulpería’ in her home. A pulpería is a corner store selling products in small quantities such as packets of coffee, shampoo, boxes of matches, cigarettes, rice, beans, bread, milk, eggs, and salt. She works twelve hours a day serving customers in the store. It’s a job she enjoys as it has provided a way to support her family. Francisca is applying for a loan to use as working capital and buy stock so that she will soon be able to earn more money. 

The community bank Nuestra Esperanza is grateful for the funding provided by Kiva donors to poor people and poor countries like Nicaragua so they can work with dignity.
View original language description ↓
El banco comunal Nuestra Esperanza está conformado por 8 integrante, madres solteras, con 10 hijos bajo su responsabilidad. Ellas son originarias del Sauce lugar que está ubicado en la zona de occidente del país. Estas mujeres se caracterizan por ser trabajadoras, responsables, con ganas de superación personal. A pesar que en la vida han sufrido muchas adversidades, tienen sueños y metas, y ganas de superación como cualquier persona. Por lo tanto lucha diariamente para brindarles un mejor futuro a sus hijos.

La coordinadora del banco Nuestra Esperanza es Francisca Milagros, tiene por actividad económica una pulpería ubicada en su casa de habitación. Una pulpería es una pequeña de tienda de productos comestibles que vende en cantidades pequeñas como sobres de café, sobre de shampoo, caja de fosforo, cigarrillos menudeados, arroz, frijoles, azúcar, pan, leche, huevos, sal. La rutina de trajo de Francisca es trabajar una 12 horas diaria ofreciendo sus productos. Actividad que la desempeña con mucho gusto ya que ha sido el medio de sustento de sus hijos. El objetivo del crédito es invertir en capital de trabajo y surtir su pulpería para que en un futuro no muy lejano pueda obtener mejores ingresos. El banco comunal Nuestra Esperanza 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 Nuestra Esperanza Communal Bank is composed of 8 members, all women, ranging in age from 35 to 50 years old. Together the women have 20 children under their care. All belong to the community of El Sauce in the town of León, an area known for its production of milk, cheese and curd and for rai... More from Nuestra 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
  • 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 Nuestra Esperanza Group's $2,425 loan helped a member buy stock for her small store.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Mar 15, 2013
Mar 20, 2013
Currency Exchange Loss:
Nov 17, 2013