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G.s. Los Jinotepinos Group
In this Group: Danny Jose, Giovanny Antonio, Mario Antonio
Danny is 29 years old, married and has two children, 6 and 8 years old respectively. He works selling underwear, slippers and trout, and has a small area located in the market. His biggest challenge has been to increase his business as much as he can. He began the business four years ago because he didn’t have employment and was looking for his own source of work to so he could maintain himself and his family. He wants to use this loan to buy general merchandise since his business is always going to change in accordance to what are popular best sellers in the seasonal marketplace.

Giovanny sells new clothing, footwear and miscellaneous items, selling on the street and from his house. He has been in this business for 3 years. He began his business because he was out of a job, and looking for a source of income to maintain and help his family with the household expenses. He plans to spend the money from the loan buying clothing, footwear, cosmetics, sheets and underwear.
View original language description ↓
El señor Danny tiene 29 años de edad, es casado y tiene dos hijos de 6 y 8 años respectivamente. El señor se dedica a la venta de ropa interior, chinelas y trucha, tiene un tramo localizado en el mercado. Su mayor desafío ha sido siempre hacer crecer su negocio lo más que se pueda. El señor inicio el negocio hace ya 4 años debido a la falta de empleo y buscando una propia fuente de trabajo para poder mantenerse él y su familia. Desea invertir este préstamo en el compa de mercadería en general ya que su negocio siempre va cambiando ya que compra lo que esta de auge de acuerdo a temporada. El señor Giovanny, El señor se dedica a la venta de ropa nueva, calzado y artículos variados, vende de manera ambulante y en su casa de habitación, el tiene 3 años de dedicarse a esta actividad, inicio en negocio debido a la falta de empleo, buscando una fuente de cómo mantenerse y apoyar a su familia en los gastos familiares. El pretende invertir este crédito en la compra de ropa, calzado, cosméticos, sabanas y ropa interior.

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
  • 89
    View loans »
    Nicaragua Loans Fundraising
  • $24,392,675
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Los Jinotepinos Group's $675 loan helped a member to buy clothing, footwear, cosmetics, sheets and underwear.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2011
Listed
Nov 3, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012