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Luz Divina Group
In this Group: Emelina, Maria Ines, Maria Mercedes, Marcia Ramona, Liliana Amparo, Danelia Del Socorro, Vilma Haydde, Luis Rafael

Update on Luz Divina Group

The "Luz Divina" communal bank is made up of eight members, who are responsible mothers and fathers with one child under their care. They live in Sauce, which is located in the western part of the country. They are all responsible people who want to improve themselves. In their free time, they enjoy spending time with their children. Unfortunately, due to a lack of economic resources, they were not able to study and they found themselves obligated to work from a young age in order to help support their households.

Thanks to her hard work and her desire to move forward, Vilma is the coordinator of the group. To make a living, she sells clothing like pants, shirts, skirts, shorts, bedding, dresses, underwear, towels, and pajamas. She performs her work on foot, traveling to her permanent and prospective clients. She dedicates about 10 hours per day to selling her merchandise. This loan will be used to invest in working capital and to stock her business, so that in the near future she will be able to earn more income.

The "Luz Divina" communal bank is grateful for the help that Kiva lenders provide to people with few resources and poor countries like Nicaragua, so that they can have respectable work.
View original language description ↓
El banco comunal Luz Divina está conformado por ocho integrantes. Madres y padres responsables con 1 hijos bajo su responsabilidad. Son originarios del Sauce lugar que está ubicado en la zona de occidente del país, se caracterizan por ser personas responsables con ganas de superación personal. En sus ratos libres le gusta disfrutar de la compañía de sus hijos. Lamentablemente por falta de recursos económico no pudieron estudiar y se vieron en la obligación de trabajar desde temprana edad, para ayudar con los gastos de hogar.

Gracia a su esfuerzo y sus ganas de salir adelante la coordinadora es Vilma tiene por actividad económica la venta de ropa, como pantalones, camisas, faldas, short, ropa de cama, vestidos, ropa interior, toallas, piyamas, talladores. Actividad que la desempeña de forma ambulante, por encargo a clientes fijos y eventuales. Ella dedica a su actividad unas 10 horas diarias ofreciendo su mercadería. 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 Luz Divina agradece 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 'Luz Divina' (Divine Light) community bank has 8 members who are all single mothers and, between them, have 20 children in their care. They are from El Sauce, in the western part of the country, an area which is known for its production of milk, cuajada, cheese and cream. These women are no... More from Luz Divina 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
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz Divina Group's $1,275 loan helped a member to invest in working capital and stock her business with merchandise like pants, shirts, skirts, shorts, bedding, dresses, underwear, towels, and pajamas.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 18, 2013
Oct 3, 2013
Currency Exchange Loss:
Apr 16, 2014