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Rios De Agua Viva Group
In this Group: Fernanda Junieth, Teresa Belsayda, Jose Santos , Francis Marian, Maria Eugenia, Ayda Luz, Mellyin Elizabeth, Judith Elena, Lucila Nazareth
The community bank Ríos de Agua Viva is comprised of 9 members, 8 women and 1 man. They are responsible mothers and fathers who have 15 children in their care. They are hardworking, responsible people with a desire to succeed. In their spare time, they enjoy the company of their children and they cook regional dishes such as "nacatamales" (a type of tamal). Unfortunately, they were not able to study because of a lack of economic resources and they were obliged to work from an early age in order to help with the household expenses.
Thanks to their efforts and their desire to get ahead, the coordinator of the community bank works selling second hand clothes such as pants, shirts, skirts, shorts, bed clothes, pajamas, and kids clothes. She works about 10 hours a day from her own home. The goal of this loan is to gain working capital to supply her store selling second hand clothes so that, in the near future, she will have a better income. The community bank Ríos de Agua Viva is grateful for the help that the Kiva lenders offer to people who have scarce resources and to poor countries like Nicaragua so that they can have dignified work.
View original language description ↓
El banco comunal Ríos de Agua Viva está conformado por nueve integrantes ocho mujeres y un hombre, madres y padres responsables como con 15 hijos bajo su responsabilidad. Ellos se caracterizan por ser personas trabajadoras, responsables, con ganas de superación personal. En sus ratos libres le gusta disfrutar de la compañia de sus hijos, les preparan platos típicos como “Nacatamales” lamentablemente no pudieron estudiar por falta de recursos económicos, y se vieron obligados a trabajar desde temprana edad. Para ayudar con los gastos del hogar.
Gracias a sus esfuerzos y sus ganas de salir adelante la coordinadora del banco comunal y tiene por actividad económica la venta de paca de ropa usada como pantalones, camisas, faldas, short, ropa de cama, ropa de dormir, pijamas, ropa de niño. Ella dedica a su negocio unas 10 horas diarias, actividad que la tiene ubicada en su casa de habitación. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de ropa de segunda mano, para que en un futuro no muy lejano pueda obtener mejores ingresos. El banco comunal Ríos de Agua Viva 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.

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).

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
  • 83
    View loans »
    Nicaragua Loans Fundraising
  • $25,792,450
    Funds lent in using Kiva
  • 25.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Rios De Agua Viva Group's $1,550 loan helped a member with business capital and supplying their business with second hand clothes such as pants, shirts,skirts, shorts, bed clothes, pajamas, and kids clothes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Sep 10, 2013
Sep 28, 2013
Currency Exchange Loss:
Jan 19, 2014