Nuestros Lirios De Los Valles Group
Update on Nuestros Lirios De Los Valles GroupThe communal bank group "Lirios de los Valles" is composed of 12 members, all single mothers with 20 children between them. They are from the northern region of Leon. These women are all hardworking and very responsible, with a great desire to help their families get ahead and provide their children with more opportunities.
Angela is the group coordinator. She has a small grocery store from which she sells basic goods in small quantities such as rice, beans, sugar, milk, bread, eggs, juice, matches, cheese and cream. She works in her store for 12 hours a day. She will use this loan as working capital to stock her business with new groceries, and hopes to improve her income by doing so in the near future.
La Asociación comunal nuestros lirios de los valles está conformado por doce integrantes madres solteras con veinte hijos. Son originarias de la zona norte de la región. Se caracterizan por ser trabajadoras, responsables, con ganas de superación personal. Estas personas a pesar de las dificultades económicas, han tenido que luchar contra todo tipo de adversidades para sacar adelante a sus familias, y brindarle mejores oportunidades.
Gracia a su esfuerzo y sus ganas de salir adelante la coordinadora de la asociación comunal es Ángela y tiene por actividad económica una pulpería, es una pequeña tienda que vende productos comestibles en cantidades pequeñas como arroz, frijoles, azúcar, leche, pan, huevos, jugos, fósforos, tiste, queso, crema. Ella dedica a su negocio unas 12 horas diarias ofreciendo sus productos. 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.
Previous Loan DetailsThe communal bank Nuestros Lirios de los Valles is made up of 12 members, single mothers responsible for 27 children under their care. They are originally from Sauce, a place that is located in the north of the country. It is known for its hardworking, responsible women, with hopes of succeedi... More from Nuestros Lirios De Los Valles 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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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Nov 19, 2013
- Dec 5, 2013
- Currency Exchange Loss:
- Jun 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.