G.S. "Los Hermanos" is formed by two members, Flor Iselda and Seneyda Pineda. Flor's business is selling tortlllas and cooked beans. Her business is located in her home. She is characterized by being hard-working and responsible, with the will to continue striving every day for the well-being of her family. With the financing, she will buy products to invest in her business, such as beans, corn, firewood, rice, sugar, mile, bread, cheese, detergents, salt, pastas, and canned juices, among other items. And in the same way they are grateful to the Kiva project for helping small business people to have a means of dignified subsistence.
G.S. los hermanos está conformado por dos integrantes que son: Flor Iselda, Seneyda . Las actividad económica de Flor es la venta de tortillas y frijoles cosidos, negocios que lo tiene ubicado en su casa de habitación, Ella se caracteriza por ser trabajadora, responsable, con ganas de seguir luchando día a día por el bienestar de su familia, con el financiamiento comprara productos para invertir en su negocio como: frijoles, maíz, leña, arroz, azúcar, leche, pan, cuajada, detergentes, sal, pastas, jugos enlatados entre otros. Y de igual manera agradecen al proyecto kiva por ayudar a los pequeños comerciantes para tener un medio de subsistencia digno.
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.
A portion of G.s Los Hermanos Group's $1,025 loan helped a member to buy products for her business such as beans, corn, firewood, rice, suger, milk, bread, chesse, detergent, salt, pastas, canned juices among other products.