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Dios Primero Group
In this Group: Emerita, Glendys , Claudia Maria
Emérita, 47, is married and has six children, ages 11, 21, 25, 28, 30 and 34, one of whom studies and the rest of whom are working. She started a grocery store business where she sells all types of consumer products such as basic grains, oil, candies, etc. Because it was getting difficult for her husband when their children began to study, she felt an obligation to help with expenses and that is how her business got started, making many sacrifices but using her own efforts.

She belongs to the Group "Solidario Dios Primero", which has three members, one of whom is Glendys, 37, who is married with one 10-year-old son who is in primary school. She began her business with the support of her husband who emigrated to the U.S. to improve the financial conditions of their family and helped her to start up the business, which they have used to buy and sell new clothing for four years.

Another group member is Claudia María, 33, who is married and has one 8-year-old son who is in primary school. She has a business buying and selling new and used clothing. She began her business with her own efforts. When she was a student, she wanted to help her mother to pay for her studies, since all of her siblings were studying as well. She began by buying products on credit and now she has had this business for 11 years.

These women's home county, in the region of Pilas, is Villanueva Municipality in Chinandega. In these regions there is a great demand for clothing sales, and in terms of edible products it is a location where cattle and agriculture predominate.

They need financing to help stock up their businesses, and they are thankful for the support that is being offered to them to help them continue with their businesses.
View original language description ↓
Emérita de 47 años de edad casada con seis hijos de 11,21,25,28,30 y 34 años los cuales solo uno estudia por que los otros trabajan, inicia su negocio de pulpería donde vende todo tipo de producto de consumo como granos básicos, aceite, golosinas etc., porque a su esposo se le estaba haciendo difícil cuando sus hijos comenzaron a estudiar y ella se vio en la obligación de apoyar en los gastos y así inicia su negocio con muchos sacrificios pero con esfuerzos propios, ella pertenece al Grupo Solidario Dios Primero el cual consiste en tres miembros Glendys de 37 años de edad casada con un hijo de 10 años que estudia en primaria, ella inicia su negocio con el apoyo de su esposo quien emigro a Estados Unidos para mejorar la vida económica de su familia y la ayudo a poner el negocio el cual ya tiene cuatro años de dedicarse a la compra venta de ropa nueva , y Claudia María de 33 años de edad casada con un hijo de 8 años que estudia en primaria, su negocio consiste en la compra venta de ropa nueva y usada, ella inicia su negocio con esfuerzos propios cuando estudiaba quiso ayudar a su mama con los estudios ya que todos sus hermanos estudiaban inicio con productos al crédito y actualmente tiene once años de tener este negocio, ella son del domicilio de las pilas comarca de Villanueva Municipio de Chinandega, en estas comarcas existe una gran demanda de venta de ropa, y de productos comestibles es una localidad donde predomina la ganadería y agricultura ella están necesitan financiamiento para surtir más sus negocios y están agradecidas por el apoyo que se les está brindando para continuar con sus negocios.

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
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $23,416,850
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Dios Primero Group's $1,675 loan helped a member to increase stock at her grocery store in the region of Las Pilas, Villanueva.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Dec 27, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2014