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La Esperanza Group
In this Group: Martha Lorena, Martha Lorena, Maria Elena , Josefa Catalina, Rosa
The solidarity group “La Esperanza” (The Hope) consists of Josefa Catalina, Martha Lorena, Martha Elena, Martha, and Rosa.


For more than five years, Josefa has been managing a business in which she sells cosmetics. She was able to start her business through her own efforts even though things were not easy at first. Josefa had to face many competitors, but they were not able to provide an excellent level of friendly service like she does. Her loan will be used to purchase powders, lip liners, crèmes, treatments, shampoos, and other products.

View original language description ↓
El Grupo solidario La Esperanza está compuesto por Josefa Catalina, Martha Lorena, Martha Elena, Martha y Rosa. Josefa tiene su negocio que es la venta de cosméticos, hace más de 5 años que se dedica a esta actividad inicio con esfuerzos propios a pesar de que no ha sido fácil ha logrado ya que hay mucha competencia pero no brindan el buen servicio y la amabilidad que Josefa. El motivo del crédito es para la compra de polvos, lápiz labial, cremas, tratamientos, shampoo y otros.

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
  • 138
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Group's $1,100 loan helped a member to purchase powders, lip liners, crèmes, treatments, shampoos, and other products.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2011
Listed
Jun 13, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012