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G.s Jehova Es Mi Fortaleza Group
In this Group: Thelma , Josefa Eufemia
The group Jehová Es Mi Fortaleza (Jehova is My Strength) is made up of Thelma and Josefa, who have different businesses. Thelma has had a general store for over 9 years, which is why she is so happy despite being 63 years old. The best experience that her work has provided her is that she has realized what her customers want. The loan is to purchase inventory such as candy, juices, crackers and other products. Together, she and her friend have decided to take out this loan, which is very helpful. Josefa has been selling tortillas for over 9 years. She is a very hard working woman. They dream of continuing their business, which is very important to them both.
View original language description ↓
El grupo Solidario Jehová Es Mi Fortaleza está conformado por Thelma y Josefa ambas se dedican a diferentes actividades económicas. Thelma se dedica a la una pulpería, hace mas de 9 años que se dedica a este negocio, por lo que ella es una persona muy alegre a pesar de tener 63 años de edad, la experiencia que su trabajo le ha enseñado ha sido la mejor pues es así que ha logrado darse cuenta lo que sus clientes solicitan el financiamiento es para la compra de capital de trabajo como golosinas, refrescos naturales, pan galletas entre otros productos y junto con su amiga deciden realizar estos financiamiento que son de gran ayuda. Josefa se dedica a la venta de tortillas hace mas de 9 años que se dedica a este negocio, por lo que es una mujer muy trabajadora. Ellas sueñan mantener este negocio, por lo que es muy importante para las dos.

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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,543,875
    Funds lent in using Kiva
  • 20.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s Jehova Es Mi Fortaleza Group's $400 loan helped a member inventory.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 8, 2010
Listed
Jan 27, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2010