G.s. Los Emprendedores Group
Thanks to her efforts and desire to move forward, the coordinator is Francis. She has a convenience store, which is a small store with food products like rice, beans, sugar, milk, bread, detergent, soap, juices, sodas, matches, and eggs. She works in her business for 12 hours a day, offering her products so that in a not-very-far future she can obtain better income.
The objective of the loan is to invest in working capital and stock her store through the purchase and sale of food products. The group Los Emrendedores is thankful for the help that the Kiva investors provide to people of scarce resources and poor countries like Nicaragua to have a dignified way of work.
Gracia a su esfuerzo y sus ganas de salir adelante la coordinadora es Francis y tiene por actividad una pulpería, es una pequeña tienda de productos comestibles como arroz, frijoles, azúcar, leche, pan, detergente, jabón, jugos, gaseosas. Pan, fosforos, huevos. Ella dedica a su negocio unas 12 horas diarias ofreciendo sus productos para que en un futuro no muy lejano pueda obtener mejores ingresos. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de productos comestibles. El grupo solidario Los Emprendedores 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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Success!! The loan was 100% repaid