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G.s. Manos Unidas Group
In this Group: Flor De Maria, Marta Lizette, Maria Del Rosario

Update on G.s. Manos Unidas Group

Flor de Maria sells nacatamales (Nicaraguan steamed corncakes) and baked goods. She is married and has two children, ages four and nine. She considers that her biggest problem has been her children's respiratory illnesses. In the future he wants to raise pigs and sell the meat, and continue with the nacatamales. So she wishes to buy some pigs.

María del Rosario is a new group member. She is 48, married, and has three children, ages 12, 16 and 22. She has been selling fruits and vegetables in the street for five years. She wants the loan to buy oranges and mandarins to sell in the market.
View original language description ↓
La señora Flor de Maria se dedica es la venta de nacatamales y cosas de horno. Ella es casada con dos hijos de 4 y 9 años respectivamente. Considera su mayor problema han sido las enfermedades de sus hijos de enfermedades respiratorias. Desea en un futuro criar cerdos para vender carne y seguir con los nacatamales, por lo que desea invertir en la compra de un lote de cerdos. La señora Maria del Rosario es nueva integrante del grupo, ella tiene 48 años de edad, es casada y tiene tres hijos de 12, 16 y 22 años de edad. Ella se dedica a la venta de frutas y verduras de manera ambulante desde hace 5 años. Ella desea con el crédito comprar cosechas de naranjas y mandarinas, para sacarlas al mercado y comercializarlas.

Previous Loan Details

Flor de Maria works at her business that sells nacatamales and baked goods. She wants to earn additional income for her family to add to her husband's. He works as a self-employed bricklayer. The loan will be invested in the purchase of materials to make nacatamales. She does not have muc... More from G.s. Manos Unidas 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

  • $3,636
    Average annual income
  • 119
    View loans »
    Nicaragua Loans Fundraising
  • $24,398,100
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Manos Unidas Group's $675 loan helped a member to buy oranges and mandarins.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2011
Listed
Nov 4, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012