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Mujeres Unidas Group
In this Group: Elsamir , Nancy Eloisa, Ruth Mercedes, Oneyda Patricia, Frania , Gissela Veronica, Marelynn Mariela, Walkiria Aracely, Jeyling Marcela
The Mujeres Unidas Community Bank has nine members, all women between the ages of 20 and 30. Between them they support twelve children. They live in the town of Santa Rosa del Peñón, a municipality north of León, an area known for its simple, hardworking people who work in agriculture growing bananas and corn. The nine women formed a group so they could access credit and help each other. They all know each other as they are from the same area; this makes each one feel responsible for the other members.

They have a variety of businesses such as selling natural medicine, making fried snacks, and selling footwear. They work twelve hours a day to attract customers and earn money. Despite the routine and hard work (many of the women sell their goods in the streets under the hot sun), the women say that this is not a problem and they enjoy their jobs and pleasing their customers.

The Mujeres Unidas Community Bank is very grateful to Kiva donors for the help that they provide for their various businesses. Oneyda Patricia is the coordinator of the bank. She sells natural medicines in the streets and from her house. She needs the loan to buy natural medicines, made from herbs such as yanten, rosemary, camomile, and linseed, not chemicals.
View original language description ↓
El banco comunal Mujeres Unidas esta conformado por 9 integrantes, todas son mujeres con edades comprendida de 20 a 30 años responsables de un total de 12 hijos. Ellas pertenecen a la localidad de Santa Rosa del Peñón un municipio en la zona norte de león. Lugar que se caracteriza por su gente muy humilde, trabajadora, es una zona muy agrícolas, siembra plátanos, maíz. Estas nueves mujeres se unieron en forma grupal para obtener el beneficio del crédito y apoyarse mutuamente, todas se conocen son del mismo lugar lo cual pueden dar fe de las responsabilidad de cada una de ellas. Todas tienen diferentes actividades económicas como son: venta de medicina natural, fritanga, venta de calzado. Ellas se dedican a su negocio una 12 horas diarias para poder obtener cliente e ingresos y a pesar de su rutina muy dura y su jornada laborar muy pesado ya que muchas de ellas su forma de vida es vender sus productos de forma ambulante, bajo el intenso sol del día a día pero para ellas eso no es impedimento porque disfrutan diariamente su trabajo el gusto que les queda de haber complacidos a sus clientes. El banco comunal Mujeres Unidas se encuentran muy agradecidas con los prestatarios kiva por la ayuda que les brindan para poder realizar la inversión en sus diferentes negocios. Oneyda Patricia es la coordinadora del banco ella tiene por actividad la venta de medicina natural de forma ambulante y en su casa, y el financiamiento lo necesita para invertir en su pequeño negocio como: Medicamento Natural (preparadas por hierbas y no por productos químicos) eje de hierbas yanten, romero, manzanilla, linaza.

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
  • 165
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Unidas Group's $1,900 loan helped a member buy natural ingredients such as yanten, rosemary, camomile, and linseed to make medicine.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2012
Listed
Sep 11, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2013