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G.s. Santiaga Group
In this Group: Dora Del Socorro, Reyna Jeaneth, Matilde Rosa
Matilde Rosa is 40 years old, married and has one child in her care. Her business is selling fruit and bananas.

Another member of the group is 34 year-old Reyna who makes income from selling cosmetics in the market.

The last member of this group is Dora Del Socorro. She is 40 years old and a single mother with one child. Dora runs a small grocery store and sells meals. She also gives classes as a teacher. She is a very enterprising person.

These women have come together to request this loan which they will invest in their businesses.
View original language description ↓
La señora Matilde Rosa tiene 40 años, es casada y tiene 1 hijo, a su cargo. Ella se dedica a la venta de frutas y plátanos. Otra integrante de este grupo es Reyna tiene 34 años de edad, la señora obtiene ingresos de la venta de cosméticos, las cuales vende en el M.. La última integrante de este grupo es Dora Del Socorro, tiene 40 años es madre soltera y tiene un hijo. Dora se dedica a una pulpería y venta de comida, pues además imparte clases como profesora es una persona muy emprendedora y juntas se han unido para realizar este crédito con el fin de invertir en sus negocios.

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
  • 101
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 21.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Santiaga Group's $700 loan helped a member working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011