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G.s 12 De Enero Group
In this Group: Ana Maria, Maritza Del Socorro
The 12 de Enero (12th of January) communal bank is comprised of two entrepreneurs who are united in order to get ahead and support each other. They live in the same area, and each has a business. One of the dreams that both of them have is to see their businesses well-stocked.

Maritza del Socorro is one of the members of this group. She is requesting this loan to stock her business with products to offer her customers. She will buy a variety of products for her grocery store.
View original language description ↓
El grupo solidario 12 de Enero está conformado por 2 emprendedoras que sean unido para salir adelante y apoyarse, ellas son de la misma localidad donde habitan cada una tiene su negocios lo cual uno de los sueños de ambas es ver su negocio bien surtido. Maritza del Socorro es una de las miembro de este grupo lo cual está solicitando financiamiento para surtir su negocio de productos para ofrecerles a sus clientes, ella comprara variedad de producto para la pulpería.

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
  • 70
    View loans »
    Nicaragua Loans Fundraising
  • $23,441,425
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s 12 De Enero Group's $575 loan helped a member to buy a variety of products for her grocery store.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2011
Listed
Jan 24, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012