Estrella Del Mar Group
Deysi has had her business for the past 4 years, selling basic grains and other food products. She wants this loan to buy more grains and products for the home. She is 66 years old, married and the mother of a grown-up son.
This is the 14th loan for the Estrella del Mar Solidarity Group and they have used the money to invest in their businesses.
Deysi tiene 4 años de tener su negocio en que vende granos básicos y otros alimentos. Quire este préstamo para comprar granos básicos y productos de consumo para el hogar. Ella tiene 66 años de edad, está casada y tiene un hijo quien es adulto.
Este es el 14 préstamo que saca el Grupo Solidario Estrella Del Mar, y los prestamos se han usado para invertir en negocio.
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