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G.s. Laurel Galan Group
In this Group: Edith Del Socorro, Teresa Antonia, Perla Marina, Norma Isabel
The village bank Laurel Galan is made up of four women, single mothers. They are from El Sauce, located in the northern part of the country and known for production of dairy products like milk and cheese. This women in this group are hard working, responsible, and have a desire for personal improvement, which is what they fight for every day - moving forward with their small children and giving them a better future.

Thanks to her spirit and desire to get ahead, Edith del Socorro is the coordinator of the group. She runs a small store located in her home. She works 12 hours a day, offering up her products. The goal of this loan is to invest in work capital and stock her store with food products to sell in small quantities, like rice, beans, sugar, oil, detergent, juices, sodas, cookies, bread, milk, and eggs. This will give her more income in the near future.

The group Laurel Galan is thankful for the help the Kiva lenders give to people with few resources in poor countries like Nicaragua, so that they can have dignified work.
View original language description ↓
El grupo solidario Laurel Galán está conformado por cuatro mujeres, madres solteras. Ellas son originaria del Sauce lugar que está ubicado en la zona norte del país, y se caracteriza por ser una zona productora de leche, cuajada, queso. Este grupo se caracteriza por ser mujeres trabajadoras, responsables, con ganas de superación personal, por lo cual lucha día a día para salir adelantes con sus pequeños hijos y brindarles un futuro mejor.
Gracia a su espíritu y sus ganas de salir adelante Edith del Socorro es la coordinadora del grupo y tiene por actividad económica una pulpería ubicada en su casa de habitación. Ella dedica a su negocio unas 12 horas diarias ofreciendo sus productos. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de productos comestible y en cantidades pequeñas como arroz, frijoles, azúcar, aceite detergente, jugos, gaseosas, galletas, pan, leche, huevos. Para que en un futuro no muy lejano pueda obtener mejores ingresos. El grupo solidario Laurel Galán 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.

Additional Information

Fundación Leon 2000

This 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.

About Nicaragua

  • $3,636
    Average annual income
  • 173
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A portion of G.s. Laurel Galan Group's $1,450 loan helped a member to invest in business capital and stock her store with products like rice, beans, sugar, oil, detergent, juices, sodas, cookies, bread, milk and eggs.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2013
Listed
Jun 8, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 8, 2013