Jehova Es Mi Pastor Group
Update on Jehova Es Mi Pastor GroupThe communal association Jehová es mi pastor (Jehovah Is My Shepherd) is made up of 12 members (11 women and 1 man) who are parents with 22 children under their responsibility. They are hardworking and responsible, and they have a strong desire for self-improvement. In their free time they enjoy family activities and they make typical dishes such as nacatamales (Nicaraguan tamales). Unfortunately, because of a lack of economic resources, they weren’t able to get a college degree and had to start working at a young age.
Thanks to her effort and her desire to get ahead, the coordinator of the communal association is Audeli; she makes her living with a pulpería [grocery store], a small store that sells consumable products in small quantities such as rice, beans, sugar, milk, bread, detergent, eggs, cheese, and tiste [a Nicaraguan drink]. She works 12 hours per day in her business offering her products; she runs the business out of her house. The objective of the loan is as a working capital loan to stock her store with consumable products so that she might have more income in the not-too-far future.
una carrera y se vieron en la necesidad de trabajar desde temprana edad.
Gracia a sus esfuerzo y sus ganas de salir adelante la coordinadora de la asociación comunal es Audeli y tiene por actividad económica una pulpería es una pequeña tienda que vende productos comestibles en cantidades pequeñas como arroz, frijoles, azúcar, leche, pan, detergente, huevos, queso, tiste. Ella dedica a su negocio unas 12 horas diarias ofreciendo su producto, actividad que la desempeña en su casa de habitación. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio con productos comestibles para que en un futuro no muy lejano pueda obtener mejores ingresos.
Previous Loan DetailsJehová es mi Pastor is made up of 13 members, 11 women and two men. They are mothers and together are raising 25 people. They are from Malpaisillo, a place located in the northern part of the country. These people are characterized as responsible, hardworking, eager to get ahead personally. They ... More from Jehova Es Mi Pastor 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