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G.s. Manos Unidas Group
In this Group: Saul Del Carmen, Angela Maria, Jaqueline De Los Angeles
The communal bank "Manos Unidas" (United Hands) is made up of three members. They are responsible mothers and fathers with five children in their care. They are natives of Sauce, which is located in the country's northern zone. EL Sauce is known for being a dairy-producing zone. The members of this communal bank are known for being hard-working and responsible with great desires to better their situations. They are currently working hard to offer their young children a better future through education, which they, unfortunately, weren't able to have due to a lack of financial resources.

The coordinator of the bank is Jaqueline, and her business is selling handicrafts as a street vendor. She sells clay decorations, clay cottages, kitchen sets, money boxes, clay jars, hanging decorations and bells. She works about ten hours a day selling her products. Her objective with the loan is to invest in working capital- buying and selling handicrafts- so that in the near future she can earn a better income. The communal bank "Manos Unidas" is grateful for the help the Kiva lenders are offering to low-income people in poor countries, like Nicaragua, so they can earn a dignified living.
View original language description ↓
El G.S Manos Unidas está conformado por tres integrantes, madres, y padres responsables con cinco hijos bajo su responsabilidad. Son originarios del Sauce, lugar que está ubicado en la zona norte del país. EL sauce se caracteriza por ser una zona productora de lácteos. Se caracterizan por ser trabajadores, responsables, con ganas de superación personal. En la actualidad lucha por brindarles un futuro mejor a sus pequeños hijos a través de los estudios. Que lamentablemente ellos no pudieron estudiar por falta de recursos económicos.

Gracia a sus esfuerzo y sus ganas de salir adelante la coordinadora del es Jaqueline y tiene por actividad la venta de artesanía de forma ambulante como adornos elaborados de barro, como jarrones, casitas de barro, jugos de cocina, ollas, al cancillas, tinajas, adornos colgantes, campanas. Ella dedica a su negocio unas 10 horas diarias ofreciendo su producto. El objetivo del crédito es invertir en capital de trabajo en la compra y venta de artesanía, para que en un futuro no muy lejano pueda obtener mejores ingresos. El g.s Manos Unidas 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.

Additional Information

Fundación Leon 2000

This 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.

About Nicaragua

  • $4,800
    Average annual income
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,553,900
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Manos Unidas Group's $975 loan helped a member to invest in working capital and to stock up her handicraft business by purchasing vases, clay cottages, kitchen sets, pots, money boxes, clay jars, hanging decorations and bells.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2013
Listed
Nov 25, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014