Revelacion En Dios Group
Update on Revelacion En Dios GroupThe “Revelación en Dios” community association is made up of eight members, seven women and one gentleman. They are from the northern area of the country and are known as being hardworking, responsible, with a desire to get ahead. Unfortunately they were not able to study for careers because they had to start working at an early age.
Thanks to efforts and desire to get ahead, Diana, the coordinator, has a general store where she sells food such as rice, beans, sugar, bread, milk, detergent, cooking oil, juices, soft drinks, vegetables, and matches. She works 12 hours a day and her business is located in her home. She will use the money from this loan to stock her business in buying and selling food products and improve her business in the near future. The “Revelación en Dios” community association is grateful to the Kiva lenders who help people od limited resources in poor countries like Nicaragua to obtain dignified sources of work.
La Asociación comunal Revelación en Dios está conformada por ocho integrantes siete mujeres y un varón. Son originarios de la zona norte del país. Se caracterizan por ser trabajadoras, responsables, con ganas de superación personal. En sus ratos libre le gusta disfrutar de la compañía de sus hijos. Lamentablemente no pudieron cursar una carrera y se vieron obligados a trabajar desde temprana edad.
Gracias a su esfuerzo y sus ganas de salir adelante la coordinadora es Diana y tiene por actividad económica una pulpería es una pequeña tienda que vende productos comestibles como: arroz, frijoles, azúcar, pan, leche, detergente, aceite, jugos, gaseosas, verduras, fósforos. Ella dedica a su negocio unas 12 horas diarias, el negocio lo tiene ubicado en su casa de habitación. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de productos comestible para que en un futuro no muy lejano pueda obtener mejores ingresos. La asociación comunal Relación en Dios 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.
Previous Loan DetailsThe communal bank "Revelación en Dios" is made up of 8 members, 7 women and man, parents who are responsible for 20 young children. They are from León, which is in the east of the country. Martha is the co-ordinator of the communal bank, which means she is in charge of the bank and ensurin... More from Revelacion En Dios 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