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En Diosn Confiamos Group
In this Group: Yadrira Del Carmen , Dora Maria , Marlene, Maria Matilde, Onan, Maria Cecilia, Francella, Brenda De Los Angeles, Agustina , Luisa Johanna
The communal bank 'In God We Trust' is comprised of 10 entrepreneurs who strive day by day to get ahead with their businesses. Their objective is to see their businesses well supplied. This group has already had financing from Fundación León 2000. In the previous loan that they were offered, they each invested in their business. They tell us that they enlarged their inventory and also their clientele.
At present Francella is requesting a loan to invest in her cosmetics business. One of her sales strategies that works well is that she visits her clients in their residence, so that they can purchase the products that she bought with the loan such as lipstick, creams, treatments, perfumes and cologne, among other products that are most requested.
View original language description ↓
El Banco comunal En Dios Confiamos está conformado por 10 emprendedores que luchan día a día por salir adelante con sus negocios que tiene un objetivo que es de ver sus negocios bien surtidos. Este grupo ya ha tenido financiamiento con Fundación León 2000, en el crédito anterior que se les brindo lo invirtieron cada uno en sus negocios, ellos nos expresan que aumentaron su inventario y sus clientes de igual manera. Francella actualmente está solicitando crédito para invertir en el negocio de cosméticos una de las estrategias de ventas que más le ha funcionado es que a sus clientes los visitan a domicilio, para que consuman sus productos ella comprara con el crédito lo que son lápiz labial, cremas, tratamientos, perfumes, colonias, entre otros productos que más le demandan.

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
  • 174
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of En Diosn Confiamos Group's $1,875 loan helped a member to buy lipstick, creams, treatments, colognes and perfumes, among other products.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2011
Listed
Jan 21, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2012