Check out some available loans that are similar to this one!
G.s. Sol Naciente Group
In this Group: Yessica Del Socorro, Candida Rosa, Josefina Elizabeth, Yanilda Del Carmen
Yanilda M. sells gold and silver jewelry. She invested her previous loan in buying this type of product.

Another member of this group is Yessica Del Socorro. Her business is selling new and used clothes. She would like to set up her own business in her home with display cabinets and more stability. This is her dream.

Candida is 27 years old. She has four dependent children and her husband is a farmer.

Josefina has a business selling fruit and vegetables. She has enjoyed recent success in boosting her business through loans.

These women have worked together to make profits from their businesses and they are always grateful for their loans. They are requesting this loan to invest in their businesses.
View original language description ↓
Yanilda M. se dedica al comercio de prendas de oro y plata y el crédito anterior lo invirtió en la compra de este tipo de productos. Otra de las integrantes del grupo es Yessica Del Socorro su negocio es la venta de ropa nueva y usada, Ella desea establecer su propio negocio en su casa con vitrinas y más estabilidad, por lo que ese es su sueño. La señora Candida tiene 27 años de edad, ella tiene 4 hijos menores de edad. Su esposo es agricultor. Josefina tiene su negocio que es la venta de frutas y verduras Sus éxitos recientes es que ha podido levantar su negocio con los prestamos. Juntas han tratado de sacar ganancias de sus negocios y siempre agradeciendo los financiamientos, por lo que este financiamiento que solicitan es para invertirlo 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
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $24,552,350
    Funds lent in using Kiva
  • 21.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Sol Naciente Group's $1,100 loan helped a member working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 12, 2011
Listed
Jan 19, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011