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G.s. Nuñez Group
In this Group: Milagros Del Socorro, Maria
The Solidario Núñez Communal Bank is comprised of María and Milagro del Socorro. Both of them have the same business activity of selling food.

María does this every day as this is her main source of income for her household. She is a very hard-working woman. She is happy to join her work colleague, Milagros, who has been doing the same work for over five years. She too makes food. That is how they decided together to get a loan in order to buy ingredients.
View original language description ↓
El Grupo Solidario Núñez lo conforman María y Milagro del Socorro ambas poseen las mismas actividades económicas como la venta de comida. María realiza este trabajo todos los días pues es su principal fuente de ingresos para su hogar, es una Señora muy trabajadora y se encuentra feliz de juntarse con su Compañera de trabajo Milagros que también se dedica a lo mismo hace más de 5 años que se dedica a esta actividad económica como lo es la elaboración de comida. Pues es así que juntas deciden realizar este financiamiento con el fin de comprar 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

  • $4,800
    Average annual income
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 21.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Nuñez Group's $250 loan helped a member working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2010
Listed
Nov 14, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011