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G.s. Los Coquitos Group
In this Group: Paz Catalina, Mayra Modesta
The solidarity group Los Coquitos is made up of Mayra Modesta y Paz Catalina. Paz Catalina is 67 years old. Her economic activity is a Nintendo video game service. Before this she sold firewood and in time, with the income from that, she bought used clothing which she resold in the area. After this, with the savings that she was able to accumulate, she started this Nintendo service. Mayra Modesta is 37 years old. She sells used and new clothing. This business was her own idea and she noticed that she rapidly made some income. They are requesting a loan together to be able to increase their respective inventories.
View original language description ↓
El Grupo Solidario Los Coquitos está conformado por Mayra Modesta y Paz Catalina. Paz Catalina tiene 67 años. La actividad económica es de brindar el servicio de Nintendo, anteriormente se dedicaba a la venta de leña y con el tiempo obtuvo algo de ganancia compro ropa usada la cual distribuía comarca. Posteriormente con las ganancias que recibía de ahorro logro iniciar el servicio de nintendo. Mayra Modesta tiene la edad de 37 años. Ella se dedica a la venta de ropa nueva y usada. Este negocio surgió por idea propia y realmente se dio cuenta de que rápidamente almacenó algunos ingresos. Juntas quieres realizar un financiamiento para incrementar sus inventarios en los artículos necesarios.

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
  • 115
    View loans »
    Nicaragua Loans Fundraising
  • $23,737,400
    Funds lent in using Kiva
  • 21.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Los Coquitos Group's $575 loan helped a member working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2010
Listed
Jul 29, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011