Grupo Solidario Sagrada Familia Group
Amparo Nicoloza S. Guzmán has operated a grocery store for more than 20 years with the support of her family, with whom she lives. She has earned a good reputation within the community. Her family receives basic services as like any other citizen. Her husband also works to contribute toward the family’s welfare.
The other member is Aurora Ercilia S. Guzmán. She sells pork, prepared meals and candy. She lives with her husband and 3 children. In her neighborhood, her family receives basic services such as electricity. However, they obtain their water from another source that is not part of the public network. Her husband is a farm laborer and his salary helps with the family expenses.
Both members are sisters, and they work well together to pay off their debts.
Amparo Nicoloza S. Guzmán tiene una pulpería desde hace mas de 20 años con la cual ha apoyado el sustento familiar, vive con su familia, goza de buena reputación entre su vecindario y tiene los servicios básicos como todo ciudadano. Su cónyuge es obrero y da su aporte para el bienestar familiar.
La otra señora Aurora Ercilia S. Guzmán, su actividad es la de comercializar carne de cerdo, elaborar comida y dulces. Vive con su familia, cónyuge y tres hijos donde tienen uno de los servicios básicos primarios como es la energía, el agua la obtienen a través de otra fuente que no es la red pública.
Su cónyuge labora como obrero en el campo y con su salario ayuda al sustento también de la familia.
Ambas son hermanas y tienen buena coordinación en el pago de sus deudas.
Fundación Leon 2000This 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.
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Success!! The loan was 100% repaid