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Nazareth Group
In this Group: Reyna Yubil, Lilliam Josafeth, Byron Lester, Audelis Arelis, Ruth Del Socorro, Ana Gabriela, Rosa Idalia , Jolman Yonny*
* not pictured

Update on Nazareth Group

The Nazareth communal association is made up of eight members, two gentlemen and six ladies, responsible mothers and fathers with 20 children to care for. They are from Malpaisillo, a place located in the western part of the country, and they are known for being hardworking and responsible, with a desire for personal success. Unfortunately, they were not able to study for careers because of limited financial resources and they had to go to work at a young age. They work to provide a future and better opportunities for their children.

Ruth is the group’s coordinator and thanks to her efforts and desire to get ahead, she has a small store where she sells food such as rice, beans, sugar, milk, bread, juices, eggs, detergents, and matches in small quantities. She works about 12 hours daily and her business is set up in her home. Her goal for the money from this loan is to buy food products to stock her store so that she can have a better income in the near future. Nazareth is grateful to the Kiva lenders who help people from poor countries like Nicaragua to have better means of dignified work.
View original language description ↓

La asociación comunal Nazareth, está conformada por ocho integrantes dos hombres y seis mujeres, madres y padres responsables con veinte hijos bajo su responsabilidad. Son originarios de Malpaisillo, lugar que está ubicado en la zona de occidente del país, ellos se caracterizan por ser trabajadores, responsables, con ganas de superación personal. Lamentablemente por falta de recursos económicos no pudo cursar una carrera y se vio obligada a trabajar desde temprana edad. En la actualidad luchan para brindarle un futuro mejor sus hijos y brindarles mejores oportunidades de vida.

Gracias a su esfuerzo y sus ganas de salir adelante la coordinadora es Ruth y tiene por actividad económica una pulpería es una pequeña tienda que vende productos comestibles en cantidades pequeñas como: arroz, frijoles, azúcar, leche, pan, jugos, huevos, detergente, gaseosas, fósforos. Ella dedica a su negocio unas doce horas diarias ofreciendo sus productos, el negocio lo tiene ubicado 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 productos comestibles, para que en un futuro no muy lejano pueda obtener mejores ingresos. Nazareth 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 communal bank Nazareth is made of eight members, six women and two men, mothers and fathers, who have between them 15 children. They are from Malpaisillo, located in the western zone of Leon. They are know for being responsible workers, with desires to do their best. Some of the members were ... More from Nazareth 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
  • 59
    View loans »
    Nicaragua Loans Fundraising
  • $25,729,225
    Funds lent in using Kiva
  • 25.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Nazareth Group's $1,525 loan helped a member to stock her store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Feb 6, 2014
Feb 22, 2014
Currency Exchange Loss:
Jul 24, 2014
This photo was used before for a previous loan for Nazareth Group. It was first posted on Kiva on Nov, 2013. Learn More