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G.s. El Triangulo Group
In this Group: Tamara Patricia, Lucia
Tamara Patricia and Lucia have formed the support group known as "El Triangulo". Tamara sells cosmetics and has been in business for seven years despite her age, and has been lucky with her customers who are young and place orders daily. She goes out every day at 7:00 a.m. and sells her products until 9:00 p.m. The loan will be used to buy powders, creams, perfumes, deodorants, lipstick and nail polish.
View original language description ↓
Tamara Patricia y Lucia forman el grupo solidario El Triangulo, Tamara se dedica a la venta de cosméticos, hace mas de 7 años que tiene este negocio a pesar de su edad ha tenido una gran experiencia con sus clientes ya que son jóvenes y saben los encargos que le realizan diariamente. Ella sale todos los días a vender a sus productos desde las 7 de la mañana hasta las 9 de la noche. El motivo del crédito es para la compra de polvos, cremas, body, perfumes, desodorantes, pintura de labios y pintura de uñas.

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
  • 141
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. El Triangulo Group's $550 loan helped a member to buy powders, creams, perfumes, deodorantes, lipstick and nail polish.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2011
Listed
May 28, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2012