The solidarity group Divino Niño #10 comprises two members: Dolores and Rosa Emilia. They have been working with Fundacion Leon 2000 for several years and have proven themselves to be responsible, hard-working, and solvent in their payments. Therefore, this time they have benefited from the Kiva program, which has allowed them to increase their merchandise in general, which is what they sell. They will invest the financing in purchasing merchandise in order to satisfy their customers, such as: dresses, skirts, children's clothing, shorts, slips, underwear, sheet sets, men and women's pants, and other items.
G.S DIVINO NIÑO NO 10,esta conformado por dos integrantes Dolores, y Rosa Emilia tienen varios años de trajar con fundacion leon 2000 lo cual han demostrado ser responsables, trabajadoras, con solvencia de pagos, por lo tanto en esta ocacion han sido beneficiada con el programa kiva, lo cual les ha permito incrementar su mercaderia en general ya que es la actividad a la que se dedica, el financiamiento lo invertiran el la comprar de mercaderia para la sastifaccion de sus clientes como: vestidos, faltas, ropa de ñino, vermudas, camisolines, ropa interior, jugos de sabanas, pantolones de mujer de hombre entre otros.
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.