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G.s. Los Mismos Group
In this Group: Maria De La Concepcion, Susana Francisca, Victor Manuel
The group Los Mismos is made up of Victor, Maria Concepción and Susana. Victor has 4 young children and he works as a carpenter. He has been doing this work for more than 8 years. Most of his clients come to him with different projects and he is always looking to give them the best attention and service. The loan he is requesting is to buy wood, brushes, sandpaper and other tools. All of the group members are responsible and hard-working. They are very grateful to the Leon Foundation for the support it has given them, which has helped them to take care of their families.
View original language description ↓
Este grupo solidario Los Mismos está conformado por Víctor, Maria Concepción y Susana. Víctor tiene 4 hijos menores de edad a su cargo, su actividad es una carpintería. Tiene más de 8 años en este negocio la mayoría de sus clientes, llegan a solicitarle diferentes encargos el siempre está buscando como brindarles la mejor atención y el mejor servicio. El crédito que solicita es para la compra de madera, cepillos, lijas, entre otras herramientas. Todos son personas responsables trabajadores que en muchos casos sacan adelante a su familia, están agradecidas con la institución por el apoyo brindado.

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
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Los Mismos Group's $675 loan helped a member to buy wood, brushes, sandpaper and other tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 13, 2011
Listed
May 20, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011