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G. S. Fraternidad Group
In this Group: Sebastiana Del Carmen, Jose Antonio, Maribel Del Socorro
José Antonio, 42, is single and has three children between the ages of 8 and 18. He sells fruits and vegetables in the market. He is asking for the loan to buy fruits and vegetables in order to have more inventory available to offer thus increasing profits.

Another member of the group is Sebastiana del Carmen, 49. She is married and has three adult children. Her husband is a merchant in Managua’s market; he sells clothing and shoes. She sells meat be it beef, pork or chicken. It’s worth mentioning that her business is located in her home.

Another group member is Maribel del Socorro, 26. She is a single mother of three minor children. She is a fruit and vegetable merchant in the market. She started her business with her own capital and with help from her mother who cared for her children. Today, what most affects her is the high transportation costs both to move her and to move her merchandise.
View original language description ↓
El señor José Antonio tiene 42 años de edad, es soltero y tiene tres hijos de entre 8 y 18 años de edad. El señor se dedica a la venta de frutas y verduras, los cuales distribuye en el mercado. El señor está solicitando este crédito con el objetivo de invertirlo en la compra de frutas y verduras, para ofrecer más inventario en el mercado, con la esperanza de obtener más ganancias. Otro integrante del grupo es Doña Sebastiana Del Carmen, tiene 49 años de edad, es casada y tiene tres hijos que ya son mayores de edad. Su esposo trabaja como comerciante en el mercado de Managua, en venta de ropa y zapatos. Su actividad es la venta de carne, sea de res, cerdo o pollo, cabe señalarse este negocio está localizado en su casa de habitación. Otra integrante del grupo es Doña Maribel Del Socorro, tiene 26 años de edad, es madre soltera de tres hijos los cuales son menores de edad. Ella se dedica a la comercialización de frutas y verduras, los cuales distribuye en el mercado Ella empezó este negocio con recursos propios y principalmente con la ayuda de su mama que fue la que le brindo apoyo cuidando a sus hijos. Hoy en día, lo que más le afecta es el alto costo del transporte, tanto para movilizarse ella como para movilizar la mercadería.

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
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,054,525
    Funds lent in using Kiva
  • 21.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G. S. Fraternidad Group's $850 loan helped a member to buy fruits and vegetables.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2010
Listed
Aug 23, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011