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G.s El Arca De Noe Ii Group
In this Group: Petrona , Maria Gerarda
The Cooperative Group Noah’s Arc II, is comprised of Petrona and Maria Gerarda. Both sell basic grains. Petrona has worked in this business for some 12 years and she does it in her home, she has 2 children who she takes care of and it’s because of them that she does not want to stop working since she has to give her children a good start in life. Her friend, Gerarda sells the same things, basic grains, and with her friend’s help she has her own business, she does her best to give her son the opportunity to get ahead in life because this activity allows her to do so. The loan will be used as work capital to buy each of their products.
View original language description ↓
El Grupo Solidario Arca De Noé II está conformado por Petrona y Maria Gerarda. Ambas se dedican a la venta de granos básicos. Petrona tiene 12 años que se dedica a este negocio, y lo realiza en su vivienda, tiene 2 hijos a su cargo es por eso que no quiere dejar de trabajar pues tiene que sacar adelante a sus hijos. Y su amiga Gerarda se dedica a lo mismo la venta de granos básicos, ya que con la ayuda de ella hizo posible, por salir adelante con su hijo porque su esta actividad le proporciono lo necesario. Por lo que el motivo de su financiamiento es para capital de trabajo que servirá para la compra de cada uno de sus productos.

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
  • 127
    View loans »
    Nicaragua Loans Fundraising
  • $24,581,200
    Funds lent in using Kiva
  • 20.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s El Arca De Noe Ii Group's $550 loan helped a member work capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2010
Listed
Feb 18, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2010