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San Fernando Ii Group
In this Group: Rosalina , Norma , Maria Leonor , Modesta Aurora , Zacarias Del Socorro , Maria Marcos , Santos Isabel , Aleyda Del Carmen, Leonidas Del Carmen

Update on San Fernando Ii Group

The "San Fernando II" communal bank has nine members - eight women and one man. They are all responsible parents, with a total of twelve children under their charge. The members are originally from Sauce, in the north of the country and can be characterised as responsible, hard-working and as people with a desire to move ahead in life. Unfortunately, due to a lack of money, they were not able to study and were forced to work from a young age in order to help with household costs.

Thanks to her effort and her desire to prosper, the communal bank's coördinator, Modesta, has a grocery store. There she sells consumable goods in small quantities - she sells rice, beans, sugar, milk, bread, detergent, salt, eggs, cheese, creams and soap. She works some twelve hours a day selling her products. The objective for this loan is to invest it in working capital and to stock up her business with consumable goods so that, in the not-too-distant future, she can earn a higher income. The "San Fernando II" communal bank is grateful to Kiva lenders who are providing people with few resources and countries, such as Nicaragua, with the opportunity to have a decent job.
View original language description ↓
El banco comunal San Fernando II está conformado por nueve integrantes ocho mujeres y un hombre, madres y padres responsables con 12 hijos bajo su responsabilidad. Ellos son originarios del Sauce lugar que está ubicado en la zona norte del país. se caracterizan por ser responsables, trabajadores, con ganas de superación personal. Lamentablemente por falta de recursos económicos no pudieron estudiar y se vieron obligas a trabajar desde temprana edad, para ayudar con los gastos del hogar.
Gracia a su esfuerzo y sus ganas de salir adelante la coordinadora del banco comunal es Modesta y tiene por actividad ecomica una pulpería una pequeña tienda que vende productos comestibles y en cantidades pequeñas como arroz, frijoles, azúcar, leche, pan, detergente, sal, huevos, queso, tiste, crema, jabón. 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 en la compra y venta de productos comestibles para que en un futuro no muy lejano pueda obtener mejores ingresos. El banco comunal San Fernando II 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 Fernando Community Bank is comprised of nine members, all single mothers, with a total of 16 children to care for between them. They are each from El Sauce, a town in the northern part of the country. The region is known for its milk, cheese, and curd production. Unfortunately these wo... More from San Fernando Ii 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
  • 32
    View loans »
    Nicaragua Loans Fundraising
  • $26,398,725
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of San Fernando Ii Group's $1,900 loan helped a member to invest in working capital and stock up her business with consumable goods such as rice, beans, sugar, milk, bread, detergent, salt, eggs, cheese, creams, and soap.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Aug 28, 2013
Sep 12, 2013
Currency Exchange Loss:
May 17, 2014
This photo was used before for a previous loan for San Fernando Ii Group. It was first posted on Kiva on Jan, 2013. Learn More