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G.s. La Holla Y El Comal Group
In this Group: Rosaura Marisol, Maria Magda , Luis Alberto

Update on G.s. La Holla Y El Comal Group

The solidarity group called “La Holla y El Comal” consists of three members: Rosaura Marisol, María Magda, and Luis Alberto. They are all married and have four young children among them who are currently in school. The members of the solidarity group are originally from La Paz Centro, a place that is located in the western part of the country. They are responsible people who know one another and support each other in their different businesses.


María Magda is the coordinator of “La Holla y El Comal” Communal Bank. She has a business of selling various types of clothing. María buys the clothes in El Salvador and Guatemala and then sells them as a street vendor to both established and occasional customers. She issues credit to most of her customers and collects payment every two weeks. At the moment, she is requesting a loan to invest as operating capital to buy a bit more inventory for her business so that she can meet the demand from her customers.


The solidarity group called “La Holla y El Comal” is grateful for the assistance that the Kiva lenders have provided to people who have limited resources and are from poor countries, such as Nicaragua. This enables them to have a decent life.

View original language description ↓
El grupo solidario la Holla y el comal esta conformado por tres integrantes Rosaura Marisol, María Magda, Luis Alberto casados con 4 hijos bajo su responsabilidad todos menores de edad y están estudiando actualmente. Estos integrantes del grupo solidario son originario de la Paz Centro lugar que esta ubicado en la zona de occidente del país. Ellos son personas responsable, que se conocen entre si y se apoyan en sus diferentes negocios. María Magda es la coordinadora del banco comunal la Holla y el comal y tiene por actividad económica la venta de ropa variada. La que compra en el Salvador y Guatemala. La cual distribuye de forma ambulante a sus clientes fijos y eventuales. Con la mayoría de sus clientes ella trabaja de crédito y recupera quincenalmente. En la actualidad ella esta solicitando el financiamiento para invertir en capital de trabajo y surtir un poco mas su negocio y satisfacer la demanda de sus clientes. El grupo solidario la Holla y el Comal agradece la ayuda que le brindan los inversionistas kiva a personas de escasos recursos y países pobre como es Nicaragua. Para tener un medio de vida digno.

Previous Loan Details

The solidarity group (G.S.) LA HOLLA is made up of Rosaura and Maria Magda, both of whom are entrepreneurs who decided to form a group to support each other in financing loans with Fundación Leon 2000. They have been doing well in their businesses, since they are responsible, hard-working women w... More from G.s. La Holla Y El Comal 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
  • 152
    View loans »
    Nicaragua Loans Fundraising
  • $24,072,325
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. La Holla Y El Comal Group's $1,175 loan helped a member to buy various articles of clothing such as trousers, shirts, blouses, shorts, and undergarments.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2012
Listed
Oct 12, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013