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San Fernando Ii Group
In this Group: Rosalina , Santos Isabel , Norma , Maria Leonor , Modesta Aurora , Zacarias Del Socorro , Leonidas Del Carmen , Juan Francisco , Maria Marcos , Aleyda Del Carmen
The Communal Bank “San Fernando II” consists of 10 entrepreneurs who have worked with Fundación León 2000. During the cycle in which they have worked with loans, the members have demonstrated that they are responsible people who desire to succeed. As a result, their credit record is impeccable.


Santos Isabel is still part of this group and expresses her thanks for the support. With the loans, she has been able to increase her products and her customers are pleased with the variety that she offers. Santos will use her new loan to buy milk, curds, cheese, cream, and products used for making curds.

View original language description ↓
El Banco Comunal San Fernando II, está conformado por 10 emprendedores que han trabajado con Fundación León 2000, en el cual durante el ciclo que han venido trabajando con el crédito han demostrado ser una persona responsable y con deseos de superación, han demostrado ser unas personas responsable y con un record crediticio intachable. Santos Isabel es parte todavía de este grupo y nos expresa que gracias al apoyo con el crédito ha aumentado su productos y que sus clientes están contentos por la variedad que les ofrece, ella con este crédito nuevo comprara leche, cuajada, queso crema entre otros productos para la elaboración de cuajada.

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
  • 134
    View loans »
    Nicaragua Loans Fundraising
  • $24,060,850
    Funds lent in using Kiva
  • 23.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of San Fernando Ii Group's $1,125 loan helped a member to buy milk, curds, cheese, cream, and other products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2012
Listed
Feb 27, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012