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G.s. El Rosario Group
In this Group: Manuel De Jesus, Herman Francisco, Lucia Del Rosario, Maria Elena , Alba Maritza
Mr. Manuel de Jesús is 46 years old, is married and has two grown children of 20 and 23 years of age. He is the owner of a business selling natural remedies, which he distributes as a street vendor. He has been doing this for 10 years and started the business because lack of employment. He will use this loan to invest in the purchase of natural remedies to be able to stock his business and increase his sales due to having more variety in his products.
Another member of the group is Don Herman Francisco, who is 23 years old, single and has no children. He makes a living selling nacatamales (steamed meat and vegetables in banana or corn leaves) and butchering pigs, which he does from his home. He states that the lack of small business financing is having a negative effect. He started this business because of a lack of work and his need to survive. He wants to invest this loan in the purchase of supplies to make nacatamales, since the prices of these are higher every day and affect the price of his products.
Mrs. Lucia Del Rosario also belongs to the group, she is 24 years old, married and has two children of 8 and 10 years of age. She makes a living butchering pigs and making nacatamales, which she sells as a street vendor and also from her home. She has been in this business for 5 years, which started as a need for a source of income for her family, because her husband's income did not cover the costs of their basic needs.
Doña María belongs to the group El Rosario. She is 50 years old, married and has two children of 13 and 25 years of age. Her husband works as a bricklayer. She makes a living by making tacos, enchiladas and fritangas and also makes typical lunches and food for orders. She is very well know in her area.
Another member of the group is Mrs. Alba Maritza, 31 years old, married and has a 7 year old daughter in elementary school. She sells new clothing as a street vendor. She has established customers because she has been in this business for 4 years. At the beginning she decided to start this business because of the lack of employment which caused her to look for alternative ways to support her daughter. She request this loan for the purchase of new merchandise to be able to take advantage of the sales during the Christmas season.
View original language description ↓
El señor Manuel de Jesús tiene 46 años de edad, es casado y tiene 2 hijos ya mayores de edad de 20 y 23 años de edad. El señor es propietario de un negocio de venta de medicina natural, los cuales distribuye de manera ambulante. El señor ya tiene 10 años de dedicarse a esta actividad, la cual empezó como una necesidad de generar sus propios ingresos debido a la falta de empleo. El señor solicita este crédito con el objetivo de invertirlo en la compra de medicamentos naturales para surtir el negocio y poder vender más al ofertar más variedad de productos. Otro integrante del grupo es Don Herman Francisco, el cual tiene 23 años de edad, es soltero y aun no tiene hijos. El señor se dedica a la venta de nacatamales y al destace de cerdo, actividad que realiza desde su casa de habitación. Aduce el señor, que algo que afecta actualmente es la falta de financiamiento para las pequeñas empresas. Cabe señalarse, el señor inicio este negocio debido a la falta de empleo, por lo que se vio obligado a establecer su propio negocio para sobrevivir. El desea invertir este crédito en la compra de insumos para elaborar los nacatamales ya que los precios de estos cada día están más caros, afectando de esta manera el precio de los productos. La señora Lucia Del Rosario también pertenece al grupo, la cual tiene 24 años de edad, es casada y tiene dos hijos de 8 y 10 años de edad respectivamente. La señora se dedica al destace de cerdos y a la elaboración de nacatamales, los cuales distribuye de manera ambulante y también desde su casa de habitación. Ella ya tiene 5 años de estarse dedicando a este negocio, el cual surgió en la búsqueda de ingresos para la familia, ya que el ingreso de su esposo no llenaba las necesidades de la familia. Doña María pertenece al grupo El Rosario, la cual tiene 50 años de edad, es casada y tiene dos hijos de 13 y 25 años de edad. Su esposo trabaja como albañil. Ella se dedica a la elaboración de tacos, enchiladas y fritangas en general, además de esto también elabora almuerzos típicos y comidas por encargos. Ella es muy reconocida en su municipio. Otra integrante del grupo es doña Alba Maritza la cual tiene 31 años de edad, es casada y tiene una hija de 7 años de edad la cual está estudiando en primaria. Ella se dedica a la venta de ropa nueva, los cuales distribuye de manera ambulante, cuenta con clientela ya establecida ya que tiene 4 años de dedicarse a esta actividad. En principio ella decidió poner el negocio debido a la falta de empleo, lo cual la obligo a buscar una alternativa para mantener a su hija. Ella solicita este crédito para invertirlo en la compra de mercadería nueva para aprovechar las ventas de la temporada navideña.

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
  • 114
    View loans »
    Nicaragua Loans Fundraising
  • $24,398,000
    Funds lent in using Kiva
  • 21.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. El Rosario Group's $1,300 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