G.s. Dios Es Amor Group
Update on G.s. Dios Es Amor GroupThe “Dios es Amor” (God is Love) communal bank consists of three members. Santos Francisca, 47, is single living in Chinandega Department in the west of the country. She owns a bakery in a district adjacent to her address and she also owns a mill whose services she sells to her community. She also has a small grocery store that produces extra income. She pays cash for all her purchases. She started her businesses with her own capital in order to support her children.
Julia, 46, is single and is from the same place. She sells general merchandise and also sells mobile phones, accessories, silver, laminated and steel jewelry. She pays cash for her purchases and sells from place to place in other places for cash and on credit collecting weekly, biweekly and monthly. One of her goals and objectives is to be able to make the business grow to increase her income.
Dany, 29, is also from the same place. He owns a bakery located near his home and pays cash for his raw materials. His sales are cash-based and are from place to place in adjacent districts. One of his dreams is to improve his bakery’s tools to improve production and earn higher income.
The God is Love group is requesting the loan to buy working capital that will be used to improve the businesses and provide economic stability for their families this way.
Previous Loan DetailsSantos Francisca is 46 years old, a widow, and the mother of five children of 15, 18, 23, 27, and 29. Only one of her children is still in secondary education, with the others now being independent. Santos set up her business with financial support from her husband who died when the business h... More from G.s. Dios Es Amor 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
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Success!! The loan was 100% repaid