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El Tule Sur Group
In this Group: Norma Esperanza , Martha Adilia , Nidia Del Carmen, Benigna , Maria Magdalena, Yesenia Zuyen, Hilda Maria, Olga Lidia
Tule Sur Bank is made up of eight members who are enterprising women. Each one has a different economic activity but they formed this group since they know each other and are responsible, and they also are from the same town.

María Magdalena is 31 years old. Her business is basically selling traditional sweets, which is very sought after by her customers. María Magdalena is requesting a loan to be able to invest in the business to buy the different sweets and be able to offer her customers a variety of tastes.
View original language description ↓
El Banco Tele Sur, está conformado por 8 integrantes que son mujeres emprendedores que cada uno tiene una actividad económica diferente pero formaron este grupo , ya que se conocen y son responsable, y además que son las misma localidad. Maria Magdalena tiene 31 años de edad su negocio es básicamente la venta de dulce tradicionales que es muy buscado por su clientela. Maria Magdalena está solicitando crédito para poder invertir en el negocio para las compras de los diferentes dulces y poder ofrecerles a sus clientes variedad de sabores.

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

  • $4,800
    Average annual income
  • 96
    View loans »
    Nicaragua Loans Fundraising
  • $24,749,225
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Tule Sur Group's $1,475 loan helped a member to buy sweets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2011
Listed
Dec 21, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2012