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Dios Proveera Group
In this Group: Ana Luz, Bielka Elena , Yamileth Isabel , Cristina Ermunda, Mayra Del Rosario, Fresia Dalila , Maryuri, Luz Idalia , Aneydi Del Carmen, Yuniria Del Carmen

Update on Dios Proveera Group

The 'Dios Proveerá' (God Will Provide) community bank has ten members who are all single mothers. Between them, they have 20 dependent children. They are all from Malpaisillo, in the north of the country. These women are responsible, hard-working people who have a desire to improve themselves. Sadly, they were unable to study as they lacked the necessary financial support and needed to work from a very early age in order to help out with their household expenses.

The coordinator of this community bank is Fresia, whose business is running a 'pulperia' which is located in her home. A 'pulperia' is a small store which sells food products in small quantities such as rice, beans, sugar, milk, eggs, juice, salt, and detergents. The purpose of this loan is to invest in working capital and stock her business so that, in the not-too-distant future, she can make better income.

The Dios Proveera community bank is grateful for the help that Kiva lenders give to people in poor countries such as Nicaragua, enabling them to earn a decent living.
View original language description ↓
El banco comunal Dios Proveerá está conformado por diez integrantes, madres solteras con 20 hijos bajo su responsabilidad. Ellas son originarias de Malpaisillo, lugar que está ubicado en la zona norte del país. Estas mujeres se caracterizan por ser trabajadoras, responsables, con ganas de superación personal. Lamentablemente no pudieron estudiar por falta de recursos económicos y se vieron obligadas a trabajar desde muy temprana edad, para ayudar con los gastos del hogar.
La coordinadora del banco comunal Dios Proveerá es Fresia y tiene por actividad económica una pulpería ubicada en su casa de habitación. Una pulpería es una pequeña tienda que vende productos comestibles y en cantidades pequeñas como arroz, frijoles, azúcar, leche, pan, huevos, jugos, sal, detergentes. 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 Dios Proveera 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 "Dios Proveerá" (God will provide) community bank is made up of nine members who are Luz Ana, Bielka Elena, Yamileth Isabel, Cristina Ermunda, Aneydi del Carmen, Mayra del Rosario, Fresia Dalila, Maryuri, Luz Idalia. All have different jobs. Maryuri is the coordinator of the bank and she is ... More from Dios Proveera 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
  • 61
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Dios Proveera Group's $2,350 loan helped a member to invest in working capital and stock her convenience store with products such as rice, beans, sugar, milk, bread, eggs, juice, salt and detergents.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
May 7, 2013
Jun 3, 2013
Currency Exchange Loss:
Nov 17, 2013