The Santa Fe solidarity group comprises four members: Ana, Angélica, Adelaida, and Alma. They are all adults, married, and have nine children to care for. They are originally from Villanueva, in the department of Chinandega, located in the western part of the country.
Angélica is the coordinator for this solidarity group and she is in charge of the group's responsibilities and of how and when installment payments are made. Her business is a grocery store where she sells essential goods in small amounts, like rice, beans, sugar, milk, matches, coffee, bread, and eggs. The purpose of this loan is to invest in working capital and stock her grocery store so that she can cover her customers' demand.
The Santa Fe solidarity group appreciates the help that Kiva lenders offer people with scarce resources in poor countries like Nicaragua so that they can find ways to work.
El grupo solidario Santa Fe esta conformado por 4 integrantes, Ana, Angélica, Adelaida, Alma, todas mayores de edad, casada, con 9 hijos bajo su responsabilidad. Ellas son originarias del departamento de Chinandega municipio de Villanueva. Lugar que esta ubicado en la zona de occidente del país. Angélica es la coordinadora del grupo solidario la cual se encarga de la responsabilidad de grupo y de las cuotas de pago en tiempo y forma. Ella tiene por actividad económica la una pulpería la cual consisten en vender productos de consumo diario y en cantidades pequeñas como: arroz, frijoles, azúcar, leche, fosforo, café, pan, huevos. El objetivo del préstamo es para invertir en capital de trabajo y surtir su pulpería para y cubrir la demanda de sus clientes. El grupo solidario santa fe agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener fuentes de trabajo.
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.