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G.s. Luz Del Mundo Group
In this Group: Doris Mercedes, Anielca Maria
Anielca Maria y Doris Mercedes make up the solidarity group “Luz Del Mundo” (Light of the World). Anielca sells medicines and has been in this business for 25 years; she started her business because she did not have any sources of income to support her family; she is an enterprising woman but she does not have much capital to buy a great assortment of medicines.
Her friend Doris sells clothes and has been in this business for more than 3 years. Together, they have decided to get ahead in life with the help of the loan which will be used as working capital.
View original language description ↓
Anielca Maria y Doris Mercedes conforman el grupo solidario Luz Del Mundo. Anielca se dedica a la venta de medicamentos, desde hace 25 años que se dedica a este tipo de negocio, inicio por que ella no tenía un medio de ingreso para mantener a su familia por lo que es una mujer muy emprendedora no tiene mucho capital para comprar una gran variedad medicamentos. Su amiga Doris se dedica a la venta de ropa, desde hace más de 3 años que tiene este negocio, juntas han decidido salir adelante por medio de su financiamiento que será destinado para capital de trabajo.

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
  • 70
    View loans »
    Nicaragua Loans Fundraising
  • $23,505,525
    Funds lent in using Kiva
  • 21.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Luz Del Mundo Group's $475 loan helped a member working capital.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2011