The group called La Barranca is made up of the people called Marcia Ligia, Carmenza and Luz Annabelle. Doña Marcia has a small grocery store. She has had this business for the past two years. She started this business with her own money. It was very difficult, as she didn’t have anyone to help her with her business and her children. The money she earned helped her business to progress. The money was used to buy raw goods. On the other hand, Ligia is 43 years old and works selling prepared food. She has been doing this for over a year. She started this business with her own money, as this was a business that she liked to do. The loan will be used for working capital in order to buy basic supplies. All of these members are united in the desire to improve their businesses.
El Grupo Solidario La Barranca está conformado por las personas Marcia, Ligia, Carmenza y Luz Annabelle. Su actividad económica de Doña Marcia es una pulpería. Hace más de 2 años que se dedica a este negocio. Ella inicio este negocio con fondos propios, y le fue muy difícil porque no tenía a una persona que le ayudara con los niños y el negocio. Los financiamientos le han ayudado para sacar adelante a su negocio, el dinero será destinado para la compra de materia prima. En cambio Ligia tiene 43 años la actividad económica de ella es la venta de comida. Hace más de 1 año que se dedica a este negocio. Inicio este negocio por cuenta propia, por lo que este fue uno de los negocios que más le gusto. El financiamiento será utilizado para capital de trabajo para la compra de granos básicos. Pues ellas se han unido para mejorar los diferentes negocios que tienen.
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).
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.