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G.s. Mujeres Organizadas Group
In this Group: Lucia , Mercedes , Matilde Florentina

Update on G.s. Mujeres Organizadas Group

The solidarity group Mujeres Organizadas (Organized Women) is composed of 3 resourceful women who run their own activities and who strive to keep them running. Their goal is to have well-supplied stores, offering a variety of products to their customers. This is not the first loan for this group: the previous loan was invested in the activities, and together they have overcome many difficulties, as they have a precise idea of the aims and goals they want to achieve and they all support each other to get ahead. Matilde is a member of this group: she runs a grocery store and she is requesting a loan to invest it in the purchase of products for the grocery store.
View original language description ↓
El grupo solidario Mujeres Organizadas lo conformas 3 mujeres emprendedoras que tienen sus negocios y que luchan por salir adelante con ellos, su objetivo es tener bien surtidos sus negocios ofreciéndole a sus clientes variedad de productos. Este grupo no es su primer crédito que está solicitando el crédito anterior era para invertir en el negocio, ellas juntas han superados muchos obstáculos, ya que tiene bien definido sus objetivos y metas que cumplir todas se apoyan para salir adelante. Matilde que tiene una pulpería que es parte de este grupo está solicitando financiamiento para invertir en el negocio en la compra de mercadería para pulpería

Previous Loan Details

The “Mujeres Organizadas” (Organized Women) communal bank’s members are: Lucia, Mercedes and Matilde. Together they have managed to overcome a lot of things; each is involved in a different commercial activity. Lucia has sold cosmetics for over 15 years. She is 43 years old and has three... More from G.s. Mujeres Organizadas 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
  • 115
    View loans »
    Nicaragua Loans Fundraising
  • $23,803,650
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Mujeres Organizadas Group's $875 loan helped a member to buy products for her grocery store.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2011
Listed
Jan 22, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012
This photo was used before for a previous loan for G.s. Mujeres Organizadas Group. It was first posted on Kiva on May, 2010. Learn More