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Mujeres Responsables Group
In this Group: Celica Lucia, Josefa Maria , Maria Del Carmen, Nora Janixia, Celica Maria , Carls Argentina , Noreli Marbely , Narcisa Del Rosario , Jose Antonio , Rosa Aida
The 'Mujeres Responsables' (Responsible Women) community bank is a group of entrepreneurial women who have worked hard to achieve their dreams of having a way of making income for their families. This bank has ten members who are all from the same town. They all know each other and all have goals and aims in life. Each one of the members provides a different service but they all share the aim of providing their customers with a good service.

Nora is the group's president and her business is making handicrafts. She has years of experience in this line of work. She learned the business from direct experience as her mom taught her. Now she, in turn, is passing on the knowledge to her children who are in her care and work with her in order to get ahead in life. Nora is requesting this loan to buy raw materials such as pottery, paint and other products for making handicrafts. All the members of the group are requesting the loan to stock up with raw materials.
View original language description ↓
El Banco Mujeres Responsable, está formado por mujeres emprendedores que han luchado por cumplir sus sueños de tener un medio que le genere ingresos para la familia. Este banco lo conforman 10 integrantes de la misma localidad que son personas que se conocen y tienen objetivos y metas en la vida. Cada uno de los integrantes brindan un servicio diferente pero siempre con el objetivo de brindarles a sus clientes un buen servicio. Nora que es la presidenta del grupo y su actividad económica a la que se dedica es la elaboración de artesanía lo cual tiene años de experiencia, este negocio lo aprendió de forma empírica, ya que la mama le enseño y ahora ella se lo transmite a sus hijos que todavía se encuentran a su cargo y trabajan con ella para salir adelante, el crédito que está solicitando es para la compra de materia prima como cerámica, pintura y otros productos para la elaboración de las artesanías. Actualmente todos los integrantes están solicitando financiamiento para poder abastecerse de materia de prima.

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
  • 121
    View loans »
    Nicaragua Loans Fundraising
  • $24,398,100
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Responsables Group's $1,425 loan helped a member to buy raw materials such as pottery, paint and other products, for making handicrafts.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2011
Listed
Dec 21, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012