Las Mariposas Group
Daniela is the coordinator of the communal bank Las Mariposas, and runs a corner store in her home. In this little store she sells food products and consumer goods in small quantities such as shampoo, matches, cigars, rice, beans, sugar, milk, bread, eggs, detergent, vegetables, and tiste [a drink made from corn]. She works about 12 hours daily in her store, selling her products. The purpose of the credit request is to invest in small quantities of food products, in order to increase her income in the near future.
The communal bank Las Mariposas is grateful to Kiva lenders for the help they offer to people with scarce resources and to poor countries like Nicaragua, so that they can earn their living by means of decent work.
Danelia es la coordinadora del banco comunal Las Mariposas, y tiene por actividades económica una pulpería ubicada en su casa de habitación. Una pulpería es una pequeña tienda que vende productos comestibles y en cantidades pequeñas como sobre de shapoo, cajas de fósforos, cigarros por unidad, arroz, frijoles, azúcar, leche, pan, huevos, detergente, verduras, tiste. Ella dedica a su actividad unas 12 horas diarias, ofreciendo sus productos. El objetivo del crédito es invertir en productos comestibles en cantidades pequeñas, para que en un futuro no muy lejano pueda obtener mejores ingresos. El banco comunal Las Mariposas agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.
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).
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.
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