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G.s Manantial Group
In this Group: Martha Elena , Siris Emileydys , Jeanideth Del Rosario
This community bank has three members. They're enterprising young women from the same town, each of whom has her own business. They started the community bank because they wanted a means of supporting one another and growing their different businesses. They're applying for a loan now to invest in their businesses. Martha Elena is an entrepreneur. She operates a business selling cosmetics and general merchandise. She will use this loan to buy clothing and cosmetics--lipstick, powder, creams, eye shadow, etc.--that she will resell.
View original language description ↓
El grupo solidario está conformado por tres emprendedoras que son de la misma localidad donde habitan, cada una de las emprendedoras tienen su propio negocio, su objetivo de ellas al formar parte de este grupo es para motivarse entre ellas y salir adelante cada una con los negocios. Este grupo solidario está solicitando financiamiento para invertir en los negocios. Martha Elena es una emprendedora que tiene su negocio de la venta de cosméticos y variedad de mercadería en general, ella está solicitando financiamiento para comprar variedad de ropa, cosméticos como pinturas, polvo, lápiz labial, crema, lápiz de ojo entre otros cosméticos.

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
  • 170
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,825
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s Manantial Group's $675 loan helped a member to stock her cosmetics business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 6, 2012
Listed
Jan 29, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012