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G.s. Milagro De Jesus Group
In this Group: Perfecta Rosa, Maura Elena
The 'Milagro de Jesús' communal bank is made up of 32 year-old Maura and 66 year-old Perfecta who have known how to get ahead together in spite of the fact that they have different business activities. Maura sells soft drinks and pigs. She has been in this business for 5 years because she has always been keen to make sure her children pursue their studies. Perfecta has a grocery store. She has been in this business for 12 years and it hasn't been easy for her to support her children and family. Both women are very responsible and they are requesting this loan to use as working capital, to buy supplies.
View original language description ↓
El grupo solidario Milagro De Jesús está conformado por Maura de 32 años y Perfecta de 66 años por lo que juntas han sabido salir adelante, a pesar de las diferentes actividades económicas Maura se dedica a venta de refrescos y cerdos por lo que tiene más de 5 años de tener este negocio porque siempre se ha preocupado por proporcionarle a sus hijos los estudios necesarios, en el caso de Perfecta se dedica a una abarrotería, pues tiene 12 años de tener esta actividad, por lo que no ha sido muy fácil mantener a su hijos y familia. Ambas son personas muy responsables por lo que están solicitando este financiamiento para capital de trabajo para la compra de materia prima.

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
  • 169
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,250
    Funds lent in using Kiva
  • 21.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Milagro De Jesus Group's $650 loan helped a member working capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2010
Listed
Nov 6, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2011