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Grupo La Fe Group
In this Group: Juana Regina, Lorenza De Los Angeles, Juana Johana, Emilia Del Carmen, Santos Patricia, Juana Adilia, Gilberta, Gilma Del Rosario
The “Grupo la Fe” communal bank is made up of eight members; all women from the Malpaisillo neighborhood, located in the western zone of the country. All of the members are responsible, hardworking women.

Juana Regina is the group’s coordinator and raises and sells pigs from her home. Her routine is to go out to the adjacent communities to look for pigs to raise and sell.

The business was born from a need to have a means of working to help with the household expenses. She is asking for this loan so that she can buy and sell a group of pigs that she can get at a good price. In this way she can take advantage of the Christmas season, when her sales increase.

The “Groupo la Fe” communal bank appreciates the assistance that the Kiva investors are providing to persons of limited means, in poor countries like Nicaragua, so that they can have a means of dignified work.
View original language description ↓
EL Banco Comunal la Grupo la fe está conformado por ocho integrantes, todas mujeres de la localidad de Malpaisillo, lugar que está ubicado en la zona de occidente del país. Todas las integrantes del banco son mujeres responsables, trabajadoras. Juana Regina es la coordinadora del banco comunal ella tiene por actividad económica la crianza y venta de cerdos. Actividad que la realiza en su casa de habitación. La rutina de Juana es salir a las comunidades aledañas a buscar lote de cerdos para la crianza y venta. El negocio surgió por la necesidad de tener un medio de trabajo para ayudar con los gastos de su hogar. El financiamiento lo está solicitando para invertir en la compra y venta de un lote de cerdos que se lo están ofreciendo a bajo precio. Y de dicha forma aprovechar la temporada navideña donde se incrementan las ventas. El banco comunal Grupo la Fe agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

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
  • 169
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,825
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Grupo La Fe Group's $1,050 loan helped a member to buy pigs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2012
Listed
Dec 26, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013