G.s. Rosa De Sharon Group
They are from Nagarote, located in the west of the country. Nagarote is known for its typical food and refreshments such as "quesillos" [cheese, sour cream and onion wrapped in a tortilla] and "tiste" [cocoa and rice drink].
They are characterized as being hard working, responsible and with a desire to improve. Unfortunately due to a lack of economic resources, they could not study at the university.
Thanks to her efforts and desire to get ahead, the coordinator of the G. S. Group is Mayra. She sells home cooked food.
Her business is located in her home. She cooks foods like rice stuffing, chicken in broth, fried chicken, "manuelitas [cheese fritters], pork, ground beef, steak, beans and fried plantains.
The goal of the loan is to invest it in working capital and aide her business in buying and selling food products so that in the near future she can have more income.
The G.S Rosa de Sharon Group is thankful for the help that the Kiva lenders give to people with few resources and poor countries such as Nicaragua to help them have dignifying jobs.
Gracia a su esfuerzo y sus ganas de salir adelante la coordinadora del G.S es Mayra y tiene por actividad económica la venta de comida casera el negocio lo tiene ubicado en su casa de habitación. Como comida arroz relleno, pollo en caldo, pollo frito, manuelitas, carne asada, carne molina, bistec, frijoles, maduros fritos. 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 G.S. Rosa de Sharon 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.
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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Success!! The loan was 100% repaid