G.s Los Comerciantes Group
Marlyn is the coordinator of Los Comerciantes communal bank. Her business is selling various new clothes like pants, shirts, skirts, shorts, camisoles, underwear, sheet sets, and towels. Her business is located at one of the local markets. She works in her business some ten hours a day by offering her products to fixed and casual customers.
The objective of the loan is to invest in working capital and to stock her business by purchasing new clothes. She will do so in order to be able to get better income in the not so distant future.
The Los Comerciantes communal bank is grateful for the help that the Kiva lenders provide to people with scarce resources and poor countries like Nicaragua so that they can have a decent way of working.
Marlyn es la coordinadora del G.S Los Comerciantes y tiene por actividad económica la venta de ropa nueva variada como pantalones, camisas, faldas, short, camisolas, ropa interior, jugos de sabanas, toallas. El negocio lo tiene ubicado en unos de los mercados de la localidad. Ella dedica a su negocio unas 10 horas diarias ofreciendo sus productos a clientes fijos y eventuales. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio con la compra de ropa nueva, para que en un futuro no muy lejano pueda obtener mejores ingresos. El grupo solidario Los Comerciante 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.
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).
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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