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Bendicion De Dios Group
In this Group: Anita Magali , Maria Petrona , Abrahan , Maria Isolina, Maura Del Socorro, Martha Lorena , Jeronima Nicolasa , Ana Francisca, Cristina , Maria Mercedes
The communal bank Bendición de Dios is made up of 10 entrepreneurs who are from the same community. Each one of them has his own business, and they are united to support one another and motivate each other. This isn’t the first time that this group has asked for a loan to invest in their businesses. Now this group is asking for funding to invest in the business.

Maria Mercedes is part of this group, and her business is selling phone recharges and a variety of refreshments and ice cream. She has faced many obstacles in her life but she continues moving forward. She is asking for funding to buy phone recharges for Movistar and Claro, as well as bags, a variety of fruits, and sugar, among other products to be able to make her beverages.
View original language description ↓
El Banco comunal Bendición de Dios está conformado por 10 emprendedores que son de las misma comunidad cada uno de ellos tiene sus propios negocios en el cual se unieron para apoyarse y motivarse uno a otros. No es la primera vez que este grupo está solicitando crédito para invertir en sus negocios. Actualmente este grupo está solicitando financiamiento para invertir en el negocio y aumentar su inventario. Maria Mercedes que es parte de este grupo su negocio es la venta de recarga y variedad de refrescos, helados ella ha pasado muchos obstáculos en su vida pero sigue adelante,actualmente está solicitando financiamiento para la compra de recargas movistar y claro, bolsas, variedad de frutas, azucar, entre otros productos para la elaboracion de los refrescos.

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
  • 127
    View loans »
    Nicaragua Loans Fundraising
  • $23,810,675
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Bendicion De Dios Group's $1,500 loan helped a member to buy phone recharges, as well as bags, fruit and sugar for making drinks.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2011
Listed
Jan 30, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012