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Grupo Nagarote Group
In this Group: Laura , Dolores Dominga
The solidarity group Nagarote comprises two members, Laura and Dominga, whose commercial activity is selling merchandise in general. They support each other in their business in order to get ahead day by day. Currently they have improved their businesses thanks to the support offered by Leon 2000 and the Kiva program so that they could offer their customers better service and meet the demand for their products, such as men's dress pants, jeans, shirts, t-shirts, blouses, skirts, dresses, underwear, towels, and other items.
View original language description ↓
El g.s. Nagarote esta, conformado por dos integrantes Laura, Dominga las cuales tienen por actividad ecomonica la venta de meracaderia en general , ella se apoyan mutuamente en sus negocio para salir adelante dia a dia, el, en la actualidad han mejorado su negocios gracia al apoyo que leon 2000 y el programa kiva le han brindado para ofrecer mejor sevicio a sus clientes con las demanda de sus productos como: pantalones de hombre de vestir, Jeans, camisas, camisetas, blusas, faldas, vestidos, ropa interior, toallas, entre otros.

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
  • 116
    View loans »
    Nicaragua Loans Fundraising
  • $23,803,650
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Grupo Nagarote Group's $650 loan helped a member to purchase men's dress pants, jeans, shirts, t-shirts, blouses, skirts, dresses, underwear, towels, and other items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2012
Listed
Jul 10, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 21, 2013