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G.s. En Nombre De Jesus Group
In this Group: Margarita Esperanza, Johana Maria
The support group "En Nombre de Jesús" is comprised of Johana María and Margarita Esperanza. Johana has been selling cheese for over four years. She got involved in the activity when she was young because her mother did the same thing for a living, and later Johana decided to take over the business.

The loan is to buy curd, onion, vinegar, plastic bags and other products. Her dream is to set up a kiosk at the school so she can offer her products there.
View original language description ↓
El Grupo solidario En Nombre De Jesús está conformado por Johana Maria y Margarita Esperanza. Johana se dedica a la venta de quesillos, tiene más de 4 años de tener este negocio inicio desde muy joven ya que su mama, se dedicaba a este tipo de actividad y fue más adelante que Johana decide encargarse del negocio. El motivo del crédito es para la compra de cuajada, cebolla, vinagre, bolsas plásticas y otros productos. Sueña con establecer un kiosco en la escuela donde ofrece sus productos.

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
  • 106
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. En Nombre De Jesus Group's $275 loan helped a member to buy curd, onion, vinegar, plastic bags and other products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2011
Listed
Jun 1, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011