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San Jose Group
In this Group: Maribel , Felix Ramona , Juana , Modesta , Irma , Ayda Luz , Jacinta Del Socorro , Juana Danelia , Hipolita , Floribel
The “San José” communal bank is composed of ten entrepreneurs who joined together to form this group. They are all from the same community and although their individual businesses are different they all support each other and provide advice for their businesses.

Maribel is part of this group and the activity she does is a grocery store she has at home; she has years’ experience and knows what her customers need. She’s asking for the loan to buy basic grains, oil, soap and detergent, among other products.
View original language description ↓
El Banco Comunal San Jose está conforme por diez emprendedoras que se unieron para formar este grupo, todas son de la misma comunidad en el cual a pesar que sus negocios son diferentes todas se apoyan y se brindan consejos para sus negocios. Maribel es parte de este grupo y su actividad a la que se dedica es a una pulpería que la tiene ubicada en su casa de habitación ya tiene años de experiencia y sabe los que sus clientes necesitan, está solicitando financiamiento para comprar productos granos básicos, aceite, jabón, detergente entre otros productos.

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
  • 65
    View loans »
    Nicaragua Loans Fundraising
  • $23,485,000
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of San Jose Group's $1,675 loan helped a member to buy stock merchandise for her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2012
Listed
Apr 24, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 24, 2012