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Mujeres Responsables Group
In this Group: Celica Lucia, Josefa Maria , Maria Del Carmen, Nora Janixia, Celica Maria , Noreli Marbely , Narcisa Del Rosario , Jose Antonio , Rosa Aida, Dulce Maria , Maria Adilia

Update on Mujeres Responsables Group

The “Mujeres Responsables” (Responsible Women) communal bank is composed of eleven entrepreneurs who have been working with Fundación León 2000 and during the loan term have shown themselves to be responsible and, above all, enterprising people willing to work hard for their objectives of growing every day. This group is very unified and mutually supportive.

Nora Janixia is one of the entrepreneurs who is part of this group and the activity she carries out is selling clay crafts. She’s asking for the loan to buy crafts making supplies to be able to offer her customers more variety.
View original language description ↓
El Banco Comunal Mujeres Responsable está conformado por once emprendedores que ya han venido trabajando con Fundación León 2000, durante el crédito han demostrado ser personas responsable y sobre todo emprendedores dispuesto a luchar por sus objetivos de crecer cada día, este grupo es muy unido se apoyan unos a otros. Nora Janixia es una emprendedora que es parte de este grupo y su actividad a la que se dedica es a la venta de artesanía en barro y está solicitando financiamiento para comprar materiales para la elaboración de las artesanías y poder ofrecerles a sus clientes variedad.

Previous Loan Details

The 'Mujeres Responsables' (Responsible Women) community bank is a group of entrepreneurial women who have worked hard to achieve their dreams of having a way of making income for their families. This bank has ten members who are all from the same town. They all know each other and all have goals… More from Mujeres Responsables Group's previous loan »

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).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 179
    View loans »
    Nicaragua Loans Fundraising
  • $23,197,500
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Responsables Group's $2,050 loan helped a member to buy crafts making supplies.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2012
Listed
Apr 30, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012
This photo was used before for a previous loan for Mujeres Responsables Group. It was first posted on Kiva on Dec, 2011. Learn More