Grupo Triunfador Group
Update on Grupo Triunfador GroupThe “Grupo Triunfador” (Triumphant Group) communal bank has eleven members; single mothers with 20 children under their care. They are originally from Sauce, located in the northern area of the country. They are known for being responsible, hard working and with a strong drive towards personal development. Unfortunately, because of lack of economic resources they couldn’t go to school. They felt obligated from a very young age to help with household expenses.
Thanks to their efforts and desire to come out ahead, the coordinator is Rosalpina. She has a ‘pulpería’, a small store that sells food products such as rice, beans, sugar, milk, bread, detergent, eggs, cream, ice, juices, fizzy drinks... She spends 12 hours daily at her business selling her products. Her business is located in her house. The aim for the loan is to invest in working capital and stock her business in the buying and selling of food products, so that in the near future she can gain a better income.
Gracias a su esfuerzo y sus ganas de salir adelante la coordinadora es Rosalpina y tiene por actividad económica una pulpería es una pequeña tienda que vende productos comestibles como arroz, frijoles, azúcar, leche, pan, detergentes, huevos, crema, hielo, jugos, gaseosas. Ella dedica a su negocio unas 12 horas diarias ofreciendo sus productos. 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 comestibles, para que en un futuro no muy lejano pueda obtener mejores ingresos.
Previous Loan DetailsThe Grupo Triunfador communal bank is made up of 9 members. They are single motherw who are raising children. These members are from El Sauce, located in the northern part of the country. lugar que esta ubicado en la zona norte del país. El Sauce is characterized as having humble people who are ... More from Grupo Triunfador 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.
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Success!! The loan was 100% repaid