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Fe Y Esperanza Group
In this Group: Candida Rosa, Heyling Del Pilar, Magali Mercedes, Elieth Maria, Maria Mercedes, Rosa Emilia, Gloria Isabel, Mariela Mercedes, Maria Candelaria, Yudis Dayana, Maria Del Socorro, Dominga De Jesus

Update on Fe Y Esperanza Group

The Fe y Esperanza (Faith and Hope) communal bank is made up of 12 members, all of whom are single mothers with 20 children under their care. They are natives of Malpaisillo, a place located in the northern region of the country. The members are described as hardworking, responsible and ambitious women who have fought to get ahead in life so their children can have a better future. Sadly, none of them were able to go to school because of a lack of resources, and they had to work from an early age. The coordinator for the community bank is Cándida Rosa, who makes a living running a convenience store out of her home, selling small quantities of products such as rice, beans, sugar, bread, eggs, detergents, oil, soap and matches. She takes a lot of pleasure out of her work, and she dedicates 12 hours a day to the business. She plans to use the loan to increase her working capital and stock her store with products so that in the not-too-distant future she can earn more income. The community bank is grateful for the help that Kiva's lenders provide to people with few resources in poor countries like Nicaragua so that they can have a better life.
View original language description ↓
El banco comunal Fe y Esperanza está conformado, por 12 integrantes madres soleteras con 20 hijos bajo su responsabilidades. Ellas son originarias de Malpaisillo lugar que está ubicado en la zona norte del país. Ellas se caracterizan por ser personas trabajadoras, responsables con ganas de superación personal. Que ha luchado en la vida por salir adelante y tener un futuro mejor para sus hijos. Lamentablemente por falta de recursos económicos no pudieron estudiar por falta de recursos económicos y se vieron obligadas a trabajar desde temprana edad.
La coordinadora del banco comunal Fe y Esperanza es Cándida Rosa 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, pan, leche, huevos, detergentes, aceite, jabón, detergente, fósforos. Actividad que la desempeña con mucho gusto en su casa de habitación, ella dedica a su negocio unas 12 horas diarias. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de productos comestibles para que en un futuro no muy lejano pueda obtener mejores ingresos. El banco comunal Fe y Esperanza agradecen la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

The Fe y Esperanza (Faith and Hope) communal bank is made up of 12 members, all of whom are single mothers who care for a total of 28 children. They are natives of Malpaisillo, a place located in the western region of the country. These women are described as hard-working, responsible, and ambiti... More from Fe Y 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
  • 43
    View loans »
    Nicaragua Loans Fundraising
  • $26,238,100
    Funds lent in using Kiva
  • 25.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Fe Y Esperanza Group's $4,100 loan helped a member to have working capital and stock her store with products like rice, beans, sugar, bread, milk, eggs, detergents, oil, soap and matches.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jul 4, 2013
Jul 25, 2013
Currency Exchange Loss:
Jan 19, 2014
This photo was used before for a previous loan for Fe Y Esperanza Group. It was first posted on Kiva on Feb, 2013. Learn More