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Mujeres De Fortaleza Group
In this Group: Dinora Corina, Petrona, Rosa Estela , Meydin Patricia, Juana Dionisia, Mirna De Los Angeles, Ivania Del Socorro, Aleyda Francisca

Update on Mujeres De Fortaleza Group

The "Mujeres de Fortaleza" communal bank is made up of eight responsible women, with a total of fifteen children under their responsibility. The members are all from Leon, in the west of the country and are all hard-working, responsible and have a desire to do better than ever before. In their free time, the members of the communal bank like to spend time in the company of their children. Unfortunately, due to a lack of money, the members were not able to study at university. They are now fighting every day in order to give their children a better future.

Thanks to her efforts and her desire to get ahead, Petrona is the coordinator of this group. She makes a living selling merchandise - clothes, shoes, trousers, shorts, skirts, dresses, shirts, sandals and children's clothes. She works some ten hours every day selling her products. The aim for this loan is to invest it in working capital and to stock up her business of buying and selling merchandise. With it, in the not-too-distant future, Petrona hopes to earn a higher income. The "Mujeres de Fortaleza" group thanks Kiva investors for the help they are providing to poor countries like Nicaragua and for helping poor people to have a decent job.
View original language description ↓

La Asociación comunal Mujeres de Fortaleza está conformada por ocho integrantes mujeres responsables con 15 hijos bajo su responsabilidad. Son originarios de Leon, lugar que está ubicado en la zona de occidente 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 estudiar por falta de recursos económicos. En la actualidad luchan día a día para que sus hijos tengan un futuro mejor.

Gracias a su esfuerzo y sus ganas de salir adelante la coordinadora es Petrona y tiene por actividad económica la venta de mercadería como ropa y zapatos pantalones, short, faldas, vestidos, camisas, sandalias deportivos, ropa de niños. Ella dedica a su negocio unas 10 horas diarias ofreciendo su producto. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de mercadería en general para que en un futuro no muy lejano pueda obtener mejores ingresos. Mujeres de Fortaleza 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 Details

The communal bank “Mujeres de Fortaleza” (Women of Strength) is comprised of 8 members, all single mothers with 10 minor children under their responsibility. They come from Malpaisillo which is located in the north of the country. These people are known for being hard-working and responsible a... More from Mujeres De Fortaleza Group's previous loan »

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).

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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 127
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 25.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres De Fortaleza Group's $1,550 loan helped a member to invest in working capital and stock up her business by buying merchandise, such as clothes, shoes, trousers, skirts, dresses, shirts, sandals and children's clothing.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2013
Listed
Jan 19, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014