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G.s. Luz Del Mundo Group
In this Group: Doris Mercedes, Angelica Maria
The Luz Del Mundo solidarity group has two members, Anielka and Doris Mercedes. The two women have different business activities. Anielka sells health supplements and medicines. She has been in the business for four years and it hasn't been easy because there is a lot of competition. But over time, she has done well and is now applying for a loan to buy medicine, vitamins, supplements, ointments, and other pharmaceuticals. Both women dream of running successful, growing businesses.
View original language description ↓
El grupo solidario Luz Del Mundo está conformado por Anielka y Doris Mercedes. Ambas se dedican a diferentes actividades económicas, Anielka tiene su actividad que es la venta de medicamentos, hace mas de 4 años que tiene este negocio, por lo que no ha sido fácil ya que tiene bastante competencia, pero con el paso del tiempo es que ha logrado salir adelante y ha decidido realizar este financiamiento que será para la compra de pastillas, vitaminas, suplementos, pomadas y otros productos El sueño de estas dos personas es salir adelante con sus negocios y ampliar cada día más su inventario.

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
  • 94
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • 22.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Luz Del Mundo Group's $500 loan helped a member to buy medicine, vitamins, supplements, and ointments.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2011
Listed
Aug 6, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2014