Mrs. Francisca sells fruits and vegetables at her stand in the market. The loan she is requesting is to buy melons, oranges, bananas, watermelons and mangos, etc. Her greatest challenge is when the harvest season has concluded and products become expensive, making it necessary to work with loans. She says she does not have much competition because she buys her merchandise before the harvest. Teresa is 63 and although she does have competition she sells directly to the customer so her sales volume is satisfactory. Mrs. Blanca is 54 and her husband works as a security guard. They have two children. They are now better off because her husband is working. Her goal for the future is to gradually make home improvements with her earnings and loans. She will continue investing in merchandise to sell for a profit. Julissa is a new member of the group. She is 27, married and has two children, ages 4 and 9. Her greatest challenge is that both spouses work so she has to leave the children with a babysitter, and she worries about their education. She feels a business can be successful as long as it is managed by the owners, in this case by her or her husband. Her goal is to grow her business through the loans so she can build her own house one day.
La señora Francisca se dedica a la venta de frutas y verduras, las cuales distribuye en su tramo ubicado en el mercado. El financiamiento es para la compra de melones, naranjas, bananos, sandias, mangos entre otros. Su mayor obstáculo es cuando las cosechas terminan el producto se pone caro y por eso se trabaja con préstamo. En su negocio aduce no tener mucha competencia ya que compra la mercadería a futuro es decir cosechas. Teresa tiene 63 años. En su negocio tiene competencia sin embargo como ella llega directamente al cliente puede vender satisfactoriamente. La señora Blanca tiene 54 años su esposo labora como vigilante y tiene dos hijos. Ahora están mejor ya que su esposo trabaja. Ella desea en un futuro ir mejorando poco a poco mi casa con las ganancias y prestamos. Continuara invirtiendo en mercaderías para sacarles ganancias. Julissa es integrante nueva del grupo, ella tiene 27 años de edad, es casada y tiene dos hijos de 4 y 9 años de edad. El mayor desafío que presenta es que ambos trabajan, por lo que tienen que dejar a una persona cuidando a sus hijos, principalmente radica en la educación que puedan estar recibiendo sus hijos. Considera la señora, el negocio funciona siempre y cuando sea administrado por los dueños, en este caso ella o su esposo. Su sueño es salir adelante con el negocio a través de los préstamos y permitir de esta manera construir su casa propia.
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.