Grupo Triunfador Group
Update on Grupo Triunfador GroupThe 'Triunfador' community bank has 12 members. They are all single mothers and, between them, they have 27 children in their care. They are all from El Sauce, in the north of the country. They are noted for being hard-working, responsible and having a desire to improve themselves. Unfortunately, owing to a lack of financial resources, they couldn't complete their schooling. They had to work from a young age in order to help with their household expenses. For this reason, they are working hard every day so that they can provide a better future for their own children.
Thanks to her strong spirit and her desire to make progress, Maryuri is the coordinator of the Triunfador bank. Her business is a 'pulperia' which is located in her home. A 'pulperia' is a small store that sells products in small quantities such as coffee sachets, boxes of matches, rice, beans, sugar, milk, bread, eggs, detergent, soap and juice. Maryuri will use this loan to increase her working capital and stock her store with food products so that, in the not-so-distant-future, she will be able to make more income. The Triunfador community bank are grateful for the help that Kiva lenders give to people with limited resources in poor countries such as Nicaragua so that they can earn a decent living.
Gracia a su espíritu y sus ganas de salir adelante Maryuri es la coordinadora del banco comunal El Triunfador y tiene por actividad económica la una pulpería ubicada en su casa de habitación, una pulpería es una pequeña tienda que vende productos comestibles en cantidades pequeñas como sobre de café, caja de fósforos, arroz, frijoles, azúcar, leche, pan, huevos, detergente, jabón. Jugos. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de productos comestibles, para que en un futuro no muy lejano pueda obtener mejores ingresos. El banco comunal El Triunfador 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 Grupo Triunfador communal bank is made up of 9 members. They are single motherw who are raising children. These members are from El Sauce, located in the northern part of the country. lugar que esta ubicado en la zona norte del país. El Sauce is characterized as having humble people who are ... More from Grupo Triunfador 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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