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G.s. Mujeres Responsable Group
In this Group: Justina Antonia , Modesta Del Socorro
The supportive group known as Responsible Women consists of 2 members who each carry out different economic activities. In the case of Justina, she is a single mother, 47 years old, with 2 under-age children in her care. Her economic activity is the sale of snacks and refreshments. In spite of the difficulty that she has to maintain the business, she is one of the most enterprising and dynamic women of the group.
The other associate, Modesta, is 44 years old. Her economic activity is clothing sales. She began her business with a lot of sacrifice and due to her very good administration she has managed to do well with her business. She is a very responsible woman. They have united in order to do well. In spite of the fact that they have had many challenges, they are very persevering and hard-working. The reason for the loan is for working capital for the purchase of merchandise for their businesses. The dream of the 2 associates is to help their families and to improve their living conditions.
View original language description ↓
El grupo solidario Mujeres Responsable. Tiene 2 integrantes por lo que cada una de ellas realiza diferentes actividades económicas. En el caso de Justina es madre soltera y tiene 47 años con 2 hijos menores de edad a su cargo. Su actividad económica es la venta de golosinas y refrescos. A pesar de lo difícil que es mantener el negocio es una de las mujeres más emprendedoras y dinámicas del grupo. Su otra socia Modesta tiene 44 años. Su actividad económica es venta de ropa. Ella dio inicio a su negocio con mucho sacrificio y debido a su muy buena administración ha logrado salir adelante con su negocio pues es una mujer muy responsable. Ellas se han unido con el fin de salir adelante, a pesar de que han tenidos muchos desafíos son muy luchadoras y trabajadoras. Por lo que el motivo del financiamiento es para capital de trabajo para la compra de materia prima. El sueño de las 2 socias es ayudar a sus familias y mejorar sus condiciones de vida.


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
  • 101
    View loans »
    Nicaragua Loans Fundraising
  • $24,397,050
    Funds lent in using Kiva
  • 21.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Mujeres Responsable Group's $350 loan helped a member to buy merchandise for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2010
Listed
Feb 19, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2010