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G.s. Juntos Podemos Group
In this Group: Eliu Eleazer, Teresa Del Carmen
Señora Teresa Del Carmen is a native of La Concepción. She runs a general store located in her house. She considers her store a success as she has been able to purchase appliances for her convenience and also maintain her capital. Her main problem has been family sicknesses. There isn't much competition in her area since there aren't many general stores here. She wants to invest in her business buy purchasing products such as basic grains, candy, soft drinks, cookies, detergents, canned goods and soups.
View original language description ↓
La señora Teresa Del Carmen es originaria de La Concepción, su negocio es una pulpería que está ubicada en su casa de habitación. La señora aduce que considera un éxito el que con las ganancias ha podido comprar sus electrodomésticos para su comodidad y además ha podido mantener su capital. Su principal problema han sido las enfermedades familiares. En su zona no tiene mucha competencia ya que no hay muchas pulperías cercanas. Desea invertir en su negocio con productos como granos básicos, golosinas, refrescos, galletas, detergentes, enlatados y sopas.

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
  • 115
    View loans »
    Nicaragua Loans Fundraising
  • $23,803,650
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Juntos Podemos Group's $550 loan helped a member to purchase basic grains, candy, soft drinks, cookies, detergents, canned goods and soups.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2011
Listed
May 24, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011