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G.s. Unidas En Cristo Group
In this Group: Maria Auxiliadora, Santos Juana

Update on G.s. Unidas En Cristo Group

Santos Juan and Maria Auxiliadora are members of the Unidos en Cristo ["United in Christ"] group. Santos Juan has had a used clothing buisness for five years. She has a large variety of customers who are always asking for extra-large sizes. She always does her very best to improve her business. This loan is for the purchase of pants, shirts, skirts, dresses, and suits, among other items. Santos Juana dreams of expanding her inventory more every day.
View original language description ↓
Santos Juana y Maria Auxiliadora conforman el grupo Unidas en Cristo. Santos Juana tiene 5 años en el negocio de la venta de ropa usada. Ella tiene una gran variedad de clientes que siempre le solicitan tallas extras grandes, siempre está brindando el mejor esfuerzo para mejorar su negocio. El motivo del crédito es para la compra de pantalones, camisas, faldas, trajes, vestidos, entre otros. Sueña con agrandar su inventario cada día más.

Previous Loan Details

The "Unidas en Cristo" [United in Christ] Solidarity Group is made up by Maria Auxiliadora and Factora. Both have different economic activities. Maria has been selling groceries for more than 20 years. She started at a very young age. Her business is located in her home, where many different cust... More from G.s. Unidas En Cristo Group's previous loan »

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).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 93
    View loans »
    Nicaragua Loans Fundraising
  • $24,753,075
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Unidas En Cristo Group's $725 loan helped a member to buy pants, shirts, skirts, dresses, and suits, among other items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2011
Listed
Nov 4, 2011
Currency Exchange Loss:
Possible
Ended:
May 18, 2012