Bello Amanecer Group
Update on Bello Amanecer GroupThe communal bank 'Bello Amanecer' [beautiful dawn] is made up of nine members - [eight] women and a man; fathers and mothers responsible for 20 children. They come from Sauce in the northern part of the country, a place characterized by milk, junket and cheese production.
These people are hardworking, responsible and enthusiastic about self-improvement. Regrettably, due to a lack of economic resources, none of them could finish their studies as they were obliged to work from an early age. This is a situation they don't want for their children, so they fight to offer them better opportunities.
Thanks to her spirit and desire to succeed, the coordinator of the 'Bello Amanecer' communal bank is Juana Guillermina. She works in a pulpería [grocery store] located in her home. A pulpería is a small shop that sells grocery products in small quantities like sachets of shampoo, packets of coffee, bread, eggs, beans, sugar, milk, rice, oil, and tiste [a soft drink made from toasted cornflour]. It's an activity that she very much enjoys doing since it has been her way of life and that of her family.
Juana's work routine is to work about 12 hours offering products in her grocery store. The reason for the loan is to invest in business capital and supply her business in the buying and selling of daily- consumption products for the home, so that in the not-too-distant future she can obtain a better income. The Bello Amanecer communal bank thanks the Kiva investors for offering help to people with limited resources and in poor countries like Nicaragua so that they can have a dignified job.
Gracias a su espíritu y sus ganas de salir adelante es que la coordinadora del banco comunal Bello amanecer es Juana Guillermina y tiene por actividad económica la una pulpería ubicada en su casa de habitación. Una pulpería es una pequeña tienda que vende productos comestibles y en pequeñas cantidades como sobre de shampoo, sobre de café, pan, huevos, frijoles, azúcar, leche, arroz, aceite, tiste. Actividad que la desempeña con muchos gusto, ya que ha sido su forma de vida y la de su familia. La rutina de trabaja de Juana es trabajar unas 12 horas ofreciendo su productos en su pulpería. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de productos de consumo diario para el hogar. Para que en un futuro no muy lejano pueda obtener mejores ingresos. El banco comunal Bello Amanecer 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.
Previous Loan DetailsThe communal bank "Bello Amanecer" (beautiful dawn) is composed of Juana Guillermina, María Enriqueta, Dominga Del Socorro, Isidra María, Lidi Maikely, Keyla María, Gertrudis Patricia, Norma Isabel, Carlo José and Norma Isabel. They are responsible people who like the various activities in which ... More from Bello Amanecer Group's previous loan »
Fundación Leon 2000This 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.
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Success!! The loan was 100% repaid