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
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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