G.s. La Holla Y El Comal Group
Update on G.s. La Holla Y El Comal GroupThe solidarity group "La Holla y El Comal" [the Pot and the Griddle] is made up of three women, single mothers with five children in their care. They are from Paz Centro, located in the western part of Nicaragua. La Paz Centro is known for its traditional foods and beverages like quesillos [sour cream quesadillas] and tiste [corn and cacao drink]. They are responsible and hardworking women, which they have shown in every way in prior loans. Unfortunately, due to lack of resources, none of them was able to go to school.
Thanks to their tenacity and desire to get ahead, each has her own business. María Magda is the group coordinator and sells footwear and clothing including pants, dresses, shorts, t-shirts, sheet sets, towels, soccer shoes, sneakers, leather shoes, and sandals. Her routine includes traveling around for ten hours each day with twenty kilos of goods which she offers to current and prospective customers. She really enjoys running the business because it supports her children. She is seeking a loan to invest in working capital to stock up her business because in the not-too-distant future she would like to bring in more income.
The "La Holla y el Comal" solidarity group appreciates the help Kiva lenders offer people with scarce resources in poor countries like Nicaragua so those people can have a semblance of a decent life.
Gracias a su tenacidad y sus ganas de adelante tienen sus diferentes negocios. María Magda es la coordinadora del grupo y tiene por actividad económica la venta de ropa y calzado como pantalones, vestidos, camisas, short, camisetas, juegos de sabanas, toallas, zapatas deportivos, tenis, de cuero , sandalias. La rutina de trabajo de Magda es trabajar unas 10 horas diario de forma ambulante, con un peso de unos 20 kg ofreciendo sus productos a clientes fijos y eventuales. Actividad que la desempeña con mucho gusto porque es el sustento de sus hijos. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio. Para que en un futuro no muy lejano obtener mejores ingresos. El grupo solidario la Holla y el Comal agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de vida digno.
Previous Loan DetailsThe 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 t... More from G.s. La Holla Y El Comal 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