Bello Amanecer Group
Update on Bello Amanecer GroupBello Amanecer Communal Bank is made up of ten members, seven women and three men, responsible mothers and fathers with twenty children in their care. They're from El Sauce, located in the western area of the country, and are known as hardworking and responsible people who want to improve themselves. They enjoy spending their free time with their children. Unfortunately they were unable to study for a degree because they lacked financial resources and had to work from a young age. They strive every day, however, to give their young children a better future.
Juana's the coordinator of the group thanks to her effort and desire to get ahead. Her job is a "pulpería" located in her home. A pulpería is a small store that sells small quantities of food such as rice, beans, sugar, milk, bread, eggs, coffee, detergent, soap, juice, and soda.
The goal of Juana's loan is to invest in working capital and stock her business buying and selling groceries so in the near future she can earn more income.
Bello Amanecer Communal Bank is grateful for the help that Kiva lenders give to low-income people and poor countries like Nicaragua so they have a means to a decent job.
En sus ratos libres le gusta disfrutar de la compañia de sus hijos, y pasar tiempo con ellos, lamentablemente por falta de recursos económicos no pudieron estudiar una carrera, y se vieron obligados a trabajar desde temprana edad. Por lo tanto luchan día a día para brindarles un futuro mejor a sus pequeños hijos.
Gracias a su esfuerzo y sus ganas de salir adelante la coordinadora es Juana y tiene por actividad económica una pulpería ubicada en su casa de habitación. Una pulpería es una pequeña tienda que vende productos comestibles en cantidades pequeñas como arroz, frijoles, azúcar, leche, pan, huevos, café, detergente, jabón, jugos, gaseosas. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de productos comestible para que en un futuro no muy lejano pueda obtener mejores ingresos. El banco comunal Bello Amanecer 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 communal bank 'Bello Amanecer' [beautiful dawn] is made up of nine members - [eight] women and a man; fathers and mothers responsible for 20 children. They come from Sauce in the northern part of the country, a place characterized by milk, junket and cheese production. These people are ha... More from Bello Amanecer 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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