Check out some available loans that are similar to this one!
Nuestra Señora De Guadalupe Group
In this Group: Gloria Del Carmen , Yadira Del Socorro, Petrona Del Carmen , Yovania Elizabetz, Virginia De Jesus, Segunda , Evelin Del Carmen, Rosa Argentina , Mireira Del Carmen, Maria Auxiliadora

Update on Nuestra Señora De Guadalupe Group

The Nuestra Señora de Guadalupe communal bank is composed of ten members, all of whom are determined, enterprising women whose goal is the well-being of themselves and their families. This group already had a loan with Fundación León 2000, in which they have been excellent clients. They explain that thanks to the support that was granted to them with financing, they have increased their investment and their customer base by offering a variety of products to their customers.

Rosa Argentina is a businesswoman who has joined this group to get ahead and enjoy mutual support. Her business is a small grocery store. She is currently requesting a loan to invest in the business with the purchase of rice, beans, oil, sugar, soap, toothpaste, and detergent, among other products that her customers are requesting.
View original language description ↓
El Banco Nuestra Señora de Guadalupe, está conformado por 10 integrantes en el cual todas son mujeres emprendedoras y luchadoras que buscan el bienestar de ellas y de su familia. Este grupo ya ha tenido crédito con Fundación León 2000, en el cual han sido excelente clientas y ellas nos explican que gracias al apoyo que les han brindado con el financiamiento ha incrementado su inversión y su clientela ofreciéndoles variedad de producto a sus clientes. Rosa Argentina es una emprendedora que se ha unido a este grupo para salir adelante y apoyarse entre ellas mismas, su actividad económica a la que se dedica es a la pulpería actualmente está solicitando crédito para invertir en el negocio en la compra: arroz frijoles, aceite, azúcar, jabón, pasta dental, detergente, entre otros productos que le están demandando su clientela.

Previous Loan Details

The "Nuestra Señora de Guadalupe" communal bank is made up of nine members. All of them are enterprising and determined women, who are seeking their own well-being and that of their families. This group has already had a loan with Fundación León 2000. They have been excellent clients, and they... More from Nuestra Señora De Guadalupe 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
  • 91
    View loans »
    Nicaragua Loans Fundraising
  • $24,396,400
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuestra Señora De Guadalupe Group's $1,575 loan helped a member to purchase rice, beans, oil, sugar, soap, toothpaste, and detergent, along with other products that her customers are requesting.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2012
Listed
May 15, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012