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G.s. Mexico Group
In this Group: Yamileth Del Socorro, Sicry Sayda
Yamileth Del Socorro sells home baked bread. She has two minor children. She relates that she’s managed to stay in business with profits and that her greatest obstacle has been that every day there is more competition due to unemployment in the county. She asks for the loan to buy bread making ingredients like flour, eggs and butter, among others. She wants to continue selling and open up a new distribution route to expand her sales level.
View original language description ↓
La señora Yamileth Del Socorro, tiene su negocio que es la venta de productos de pan que elabora en su casa, ella tiene 2 hijos menores de edad. Aduce que ha logrado mantener su negocio con ganancias y que su mayor obstáculo ha sido que cada día hay más competencia, debido al desempleo del país. Solicita el crédito para la compra de en insumos para elaborar pan, como es harina, huevo, mantequilla, entre otros. Desea continuar vendiendo y abrir una nueva ruta de distribución para ampliar el nivel de ventas.

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
  • 76
    View loans »
    Nicaragua Loans Fundraising
  • $23,451,300
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Mexico Group's $600 loan helped a member to buy flour, eggs and butter, among others.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2011
Listed
Jun 12, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 22, 2012