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G.s. El Esfuerzo Group
In this Group: Lisett Del Carmen, Mercedes Nohemi
Lisett Del Carmen is 28 years old, married, and has two children aged 4 and 6. Her business is selling basic grains and other items in general since she has a small grocery store located in her home. She started this business 5 years ago through her own hard work and that of her husband, as she was looking for a way of becoming self employed and helping her husband with their household expenses.

The other member of this group is Mercedes Nohemí who is 21 years old, married, and has a 5 year-old son. Her husband is a construction worker. Mercedes Nohemí also has a small grocery store in her home. She would like to invest in her business in order to make more profit. The women are requesting this loan to invest in their businesses, buying various products, so that they can diversify their sales.
View original language description ↓
La señora Lisett Del Carmen tiene 28 años de edad, es casada con dos hijos de 4 y 6 años de edad. Ella se dedica a la venta de granos básicos y otros artículos en general, ya que en su casa de habitación posee una pequeña pulpería. Este negocio inicio desde hace 5 años, con el esfuerzo de ella y su esposo, buscando como tener una forma de tener su propio empleo y ayudarle a su esposo con los gastos del hogar. Otra integrante del grupo es Mercedes Nohemí la cual tiene 21 años de edad, es casada y tiene un hijo de 5 años de edad. Su esposo es albañil. Ella tiene en su casa habitación una pequeña pulpería, a la cual pretende invertirle para poder sacar más ganancias. Ellas solicitan este crédito para poder invertirle a su negocio y comprar productos varios y así diversificar la venta.

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
  • 128
    View loans »
    Nicaragua Loans Fundraising
  • $24,535,925
    Funds lent in using Kiva
  • 21.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. El Esfuerzo Group's $475 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:
Sep 15, 2011