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Nuevo Amanecer Group
In this Group: Yolanda, Alba Justina, Nelson Gabriel, Demetria, Elki Francisca, Paula Cristina, Maria Elena, Otilia, Jessenia Del Socorro, Yisel D E La Caridad
The communal bank "Nuevo Amanecer" [New Dawn] is made of of ten entrepreneurs that have been working with Fundación León 2000. They each have their own business. Through the loans they have been offered, they have proven themselves to be people with goals in life and desires of getting ahead. Yolanda is a part of this group, and she sells tortillas. She is requesting financing to buy products like corn, lime, firewood, bags, and other items to make her tortillas.
View original language description ↓
El Banco Comunal Nuevo Amanecer está conformado por diez emprendedores que ya han venido trabajando con fundación león 2000, estos emprendedores tiene cada uno sus negocios, durante el crédito otorgado han demostrado ser personas con metas en la vida y deseos de superación. Yolanda es parte de este grupo y su actividad a la que se dedica es la venta de tortilla, está solicitando financiamiento para la compra de productos como maíz, cal, leña, bolsas entre otros productos para la elaboración de las tortillas.

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
  • 91
    View loans »
    Nicaragua Loans Fundraising
  • $23,720,200
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Amanecer Group's $1,625 loan helped a member to buy supplies.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2012
Listed
Apr 29, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012