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G.s. Dios Es Amor Group
In this Group: Santos Francisca, Julia Bertha , Dany
Santos Francisca is 46 years old, a widow, and the mother of five children of 15, 18, 23, 27, and 29. Only one of her children is still in secondary education, with the others now being independent. Santos set up her business with financial support from her husband who died when the business had become established. From that moment she had to lean on her older children to get by, as six people were dependent on the business. With two of the children still small, the older ones had to give up their studies to help with the work, but now only one daughter is still dependent as the older ones have left home. One of Santos Francisca's ambitions is to see her daughter complete her university education. Her business consists of making and selling corn bread. She is seeking funding to buy raw materials (corn) for the production of 'cosa de horno' (a type of corn bread) and will invest it in her bakery business. She belongs to the Dios es Amor (God is Love) solidarity group, along with the two other members, Julia Bertha and Dany. Julia Bertha is 45 years old, single and the mother of two children of 9 and 16, who are both at school. Her business consists of selling general merchandise such as clothing, shoes, mobile phones and accessories, laminated steel and silver, amongst other things. She has had this business for two years, having begun with scant resources and having gradually invested more in her merchandise. She travels to Panama to buy different ranges of products to offer to her customers. She sells for cash and on credit and is seeking funding to invest more in her working capital. Dany, who is 28 and single, owns his own bakery which is located in his home in Chinandega. He devoted tremendous effort to setting up his business with his own money which he managed to scrape together during the time that he worked with his mum in the bakery where he learned the trade. He buys his raw materials in Somotilla and travels around selling his goods for cash to regular clients such as grocery shops. In these regions there is a great demand for clothing sales and foodstuffs as it is a region devoted predominantly to cattle rearing and agriculture. This is the first time that the group’s members have sought funding to increase their stocks and they are grateful for any support which will help them to continue running their businesses.
View original language description ↓
Santos Francisca de 46 años de edad, viuda, cinco hijos de 15,18,23,27 y 29 años de edad el cual solo uno estudia en secundaria los demás son independientes, Santos su negocio con el apoyo económico de su esposo el que falleció al tiempo de tener su negocio establecido desde ese momento ella tuvo que apoyarse con sus hijos mayores para poder seguir adelante ya que de dependían seis personas del negocio y entre ellos dos que estaban pequeños por lo que estos tenían que dejar de estudiar para ayudar con el trabajo, pero hoy en día solo una hija le quedo porque ellos ahora son independientes una de sus metas es que su hija termine de estudiar en la universidad, su negocio consiste en la elaboración de pan de maíz para una posterior venta de este producto, está solicitando financiamiento para la compra de materia prima (Maíz) para la producción de la cosa De horno y así invertirlo en el negocio de su panadería, ella pertenece al Grupo Solidario Dios es Amor el cual consiste en tres miembros, Julia Bertha 45 años de edad soltera con dos hijos 9 y 16 años de edad ambos estudiantes, su negocio consiste en la venta de mercadería general como ropa, zapatos, celulares, accesorios de Celulares, laminados de acero y plata entre otros negocio que ya tiene dos años, ella lo inicia con pocos recursos y poco a poco ha ido invirtiendo más su mercadería, ella viaja a panamá a comprar variedades de productos para poder ofrecerles a sus clientes, sus ventas son al contado y al crédito, solicita financiamiento para invertir más en su capital de trabajo, y Dany mayor de edad soltero a sus 28 años de edad, es propietario de una panadería el cual la tiene ubicada en su casa de habitación en el municipio de Chinandega, negocio que inicia con muchos esfuerzos con dinero propio que pudo reunir cuando trabajaba con su mama en una panadería donde el aprende ese oficio y monta su propio negocio. el realiza sus compras de materia prima Somotillo, sus ventas son al contado de manera ambulantes con clientes fijos como son los dueños de pulperías, él está solicitando financiamiento para capital de trabajo como es en compra de materia prima para su panadería, en estas comarcas existe una gran demanda de venta de ropa, y de productos comestibles es una localidad donde predomina la ganadería y agricultura ellos están necesitan solicitando financiamiento por primera vez para surtir más sus negocios y están agradecidos por el apoyo que se les está brindando para continuar con sus negocios.

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).

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.

About Nicaragua

  • $4,800
    Average annual income
  • 53
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Dios Es Amor Group's $1,450 loan helped a member to buy raw materials, some for her bakery business and some for general merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 19, 2012
Jan 10, 2013
Currency Exchange Loss:
Oct 17, 2013