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Mi Bendicion Group
In this Group: Leyda Maria , Maria Eusebia , Teresa De Jesus , Sabina , Martha Lorena , Jefry Antonio , Karla Damaris , Maria De Los Angeles, Alba Jiomar
The "Mi Bendición" ["My Blessing"] communal bank is made up of nine members who have been working with Fundación León 2000. During their credit period, this group of entrepreneurs has demonstrated that they are very responsible and have motivation for growth. This group support each other with each one of the business by providing ideas for getting ahead.

Martha Lorena is an entrepreneur who is part of this group. The activity that she works in is a convenience store. She is currently requesting financing to purchase products for her convenience store, and will be able to offer them for sale to her customers. She will purchase basic grains, oil, bread, shampoo, detergents, and cookies among other products that her customers request from her.
View original language description ↓
El Banco comunal Mi Bendición está conformado por 9 integrantes que ya han venido trabajando con Fundación León 2000, durante su crédito otorgando este grupo de emprendedores han demostrado ser responsable y con una motivación de crecer, este grupo se apoyan entre ellos en cada uno de sus negocios que tienen brindándose ideas para superarse. Martha Lorena es una emprendedora que es parte de este grupo, su actividad a la que se dedica es a una pulpería, ella actualmente está solicitando financiamiento para comprar productos para la pulpería y ofrecerle a sus clientes lo cual comprara granos básicos, aceite, pan, shampoo, tan, detergentes, galletas entre otros productos que sus clientes le solicitan.

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
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $23,621,150
    Funds lent in using Kiva
  • 23.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Mi Bendicion Group's $1,200 loan helped a member to purchase basic grains, oil, bread, shampoo, detergents, and cookies among other products that her customers request from her.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2012
Listed
Feb 29, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012