The members of the En Dios Confiamos solidarity group are Zenovia, Domitila and Lilliam. They all have different businesses, but despite this they have been able to understand and help one another to be responsible and work well together as a group. Zenovia runs a small grocery store in her house. This has helped her get ahead, and she has invested in her business thanks to the financial support given to her by the foundation.
She has requested this loan to buy products such as cookies, matches, rice, sugar, oil, detergents and soap, among others.
G.S EN Dios Confiamos sus integrantes zenovia, Domitila, Lilliam. Las cuales tiene actividad económica diferentes , a pesar de todo ellas se han podido comprender, ayudar mutuamente, para ser responsable y tener buenas relaciones como grupo, senovia su actividad es una pulpería ubicada en su casa de habitación, la cual la ha podido sacar adelante e invertirle gracias al apoyo que fundación les brinda con los financiamiento ella necesita el dinero para la compra de productos como: galletas, fósforos, arroz, azúcar, aceite, detergentes, jabón entre otros.
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.