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G.s. Sol Naciente Group
In this Group: Yessica Del Socorro , Candida Rosa, Josefina Elizabeth, Yanilda Del Carmen
Sra. Yanilda Del Carmen, 30, is married and has 3 children who are 12-, 7- and 3-years old, respectively. She operates a business buying and selling gold and silver. She works as a street vendor, mostly in free-trade zones, selling on credit and collecting in 30 days. She has operated the business for 13 years. She is applying for a loan that she will use to buy gold and silver. Sra. Candida Rosa, 26, is married and has four young children. She operates a corner shop in her house. She will use her loan to expand the stock of goods she sells--a little of everything, she says--and, in turn, increase her earnings. Yesica Del Soccorro, 27, has a 4-year old daughter. Her husband works as a security guard in Managua. She operates a business, working as a street vendor, selling new and used clothing. She has operated the business for 5 years. She started the business with her savings, with only a small amount of merchandise at first, and building from there. Another member is Josefina Elizabeth, 26. Josefina is married--her husband is a bus driver--with, as yet, no children. She operates a business selling fruits and vegetables at the Mercado Oriental in Managua. She has operated the business in the market for two years. She started the business with savings. Her husband provided the push to start the business because they needed a larger income to support themselves. For that reason, they combined forces to improve the earnings from her business.
View original language description ↓
La señora Yanilda Del Carmen tiene 30 años, es casada y tiene 3 hijos de 3, 7 y 12 años respectivamente. El negocio a que se dedica es a la venta de oro y plata, los cuales distribuye principalmente de manera ambulante en zonas francas, distribuye al crédito a recuperarse en 30 días. Ella ya tiene 13 años de dedicarse a esta actividad. Ella solicita el crédito con el propósito de invertirlo en comprar oro y plata. La señora Candida Rosa ella tiene 26 años de edad, es casada y tiene cuatro hijos menores de edad. Ella se dedica al comercio, ya que en su casa de habitación tiene localizada una pulpería. Ella desea invertir el crédito en la pulpería para así poder ofertar más productos, de todo un poco a como ella le llama y así obtener más ganancias. Yesica Del Socorro tiene 27 años de edad y tiene 1 hija de 4 años de edad. Su esposo trabaja como vigilante en Managua. Ella se dedica a la venta de ropa nueva y usada, negocio que es de manera ambulante. Ella ya tiene 5 años de tener este negocio, cabe señalarse dio inicio con recursos propios y con poca mercadería y poco a poco le fue inyectando capital. Otra integrante es Josefina Elizabeth, tiene 26 años de edad, es casada, su esposo es conductor de microbús. Ella no tiene hijos todavía. Ella se dedica a la venta de frutas y verduras, ella vende en el mercado oriental de Managua. Ella ya tiene dos años de estar vendiendo en este mercado, cabe señalarse inicio con capital propio ya que fue su esposo el que le brindo el empujón económico, ya que necesitaban ingreso adicional para auto mantenerse ellos. Es por eso que han unidos fuerzas para mejorar los ingresos de su negocio.

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
  • 61
    View loans »
    Nicaragua Loans Fundraising
  • $23,461,725
    Funds lent in using Kiva
  • 21.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Sol Naciente Group's $950 loan helped a member working capital.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2010
Listed
Aug 27, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011