G.s Fe Y Esperanza Group
Thanks to her energy and desire to get ahead, Florentina is the group’s coordinator. She carries out the economic activity of a “pulpería”, which is located in her house. A “pulpería” is a small store that sells food and other items, such as rice, beans, sugar, milk, bread, juices, washing detergent and eggs, in small quantities. She works in the business 12 hours a day selling her goods.
Her objective for the loan is to invest in working capital and to stock her retail business with goods. She hopes that in the not too distant future she will be able to obtain better income. The communal bank Fe y Esperanza is grateful for the help given by the Kiva investors to people who have few economic resources and in poor countries like Nicaragua so that they can have the means to have a decent job.
Gracia a su espíritu y sus ganas de salir adelante, Florentina es la coordinadora del grupo y tiene por actividad económica una pulpería ubicada en su casa de habitación, una pulpería es una pequeña tienda que brindan productos comestibles y en cantidades pequeñas como arroz, frijoles, azúcar, leche, pan, frijoles, jugos, detergente, pan, jugos, huevos. 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 comestibles, para que en un futuro no muy lejano pueda obtener mejores ingresos. El grupo solidario fe y esperanza 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.
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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