Dios Me Fortalece Group
Update on Dios Me Fortalece GroupThe Dios me Fortalece communal bank is made up of 13 members; 10 ladies and three gentlemen, responsible mothers and fathers with 20 children. They are originally from Sauce, a place located in the western part of the country. They are known for being hardworking and responsible in their lives. They work daily to provide a better future for their children so that they will not need to go to work at an early age as they did.
Amada Jessenia is the coordinator of the Dios me Fortalece communal bank. Thanks to her entrepreneurial spirit and desire to get ahead, she has a convenience store located in her home. A convenience store is a small store where she sells various products, such as coffee, shampoo, rice, beans, sugar, salt, juices, milk, eggs, and tomatoes in small amounts. The objective of the loan is to invest in and grow her business so she can have a better income. The communal bank is grateful for the help that the Kiva lenders provide for those people of scarce resources in poor countries such as Nicaragua, allowing them to have dignified work.
El banco comunal Dios me fortalece está conformado por 13 integrantes, 10 mujeres, tres hombres, padres y madres responsables de 20 hijos bajo su responsabilidad. Son originarios del Sauce lugar que está ubicado en la zona de occidente del país. Ellos se caracterizan por ser trabajadores, responsables, lucha dadores en la vida. Por trabajan día a día para bríndales a sus hijos un futuro mejor, y que no tengan que trabajar desde temprana edad, como les toco a ellos.
La coordinadora del banco comunal Dios me Fortalece es Amada Jessenia, gracias a su espíritu de emprendedor y sus ganas de salir adelante tiene por actividad económica una pulpería ubicada en su casa de habitación. una pulpería es una pequeña tienda que vende productos comestibles y en cantidades pequeñas como café en sobre, sampoo en sobre, arroz, frijoles, azúcar, sal, jugos, leche, huevos, tomates. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio para que en un futuro no muy lejano pueda obtener mejores ingresos. El banco comunal Dios me Fortalece 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 trabajo digno.
Previous Loan DetailsThe “Dios Me Fortalece” (God Strengthens Me) communal bank has 14 members: Teresa, Jacinta, Manuel, Amada, Heyssel, Mercedes, Ana, Reymundo, Yelva, Inés, Paula, Marcela, Margarita and Santos. They all have different economic activities but always support each other for the group’s wellbeing ... More from Dios Me Fortalece 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
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Success!! The loan was 100% repaid