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Grupo Solidario Los Cocos Group
In this Group: Cristina De La Concepcion, Maria Isidora, Eulalia Ines , Angela Agustina
The Los Cocos Solidarity Group is comprised of 4 members:
Cristina de la Concepcion Gonzalez Herrera
Maria Isidora C.
Eulalia Ines E. P.
Angela Agustina G. A.


These women are involved in different business activities. Cristina and Angela offer tailoring services. Maria sells cosmetics. Eulalia makes and sells tortillas. All of these women are mothers who are responsible and dedicated to their children. They work extremely hard to provide for their families’ basic living necessities. For this reason, they have requested a loan to purchase materials for their respective businesses.

View original language description ↓
El Grupo Solidario Los Cocos. Lo conforman 4 integrantes sus nombres son los siguientes Cristina de la Concepcion Gonzalez Herrera, Maria Isidora C., Eulalia Ines E. P. y Angela Agustina G. A.. Todas se dedican a diferentes actividades economicas. Cristina y Angela se dedican a brindar los servicios de costura, mientras que Maria se dedica a la venta de cosmeticos y Eulalia a la venta y elaboracion de tortillas. Todas son mujer muy responsables y son madres responsables con sus hijos. Todas trabajn fuertemente para proporcionarles a sus familiaas las condiciones de vida necesarias. Es por eso el motivo de su financiamiento para la compra de materia prima para sus negocios.

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

  • $3,636
    Average annual income
  • 65
    View loans »
    Nicaragua Loans Fundraising
  • $23,485,000
    Funds lent in using Kiva
  • 20.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Grupo Solidario Los Cocos Group's $600 loan helped a member operating capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2009
Listed
Jul 19, 2009
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2010