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San Ramon Solidarity Group
In this Group: Delmir Raquel , Martha Lorena

Update on San Ramon Solidarity Group

Delmir Raquel and Martha Lorena form San Ramón Solidarity Group. Delmir has made a living selling food, beverages and deserts for more than nine years. Martha also makes a living in the same activity, so together they have been able to cope with problems that have arisen. They are requesting the loan to purchase rice, beans, oil, disposable plates, beverages, sugar, coffee and other items. They are happy about the loan and promise to make their payments on time.
View original language description ↓
La Delmi Raquel y Martha Lorena conforman el grupo solidario San Ramón. Delmi se dedica a la venta de comida, refrescos y postres desde hace mas de 9 años que tiene este negocio, su otra compañera también tiene la misma actividad económica por lo que juntas han sabido sobrellevar los problemas que se le presentan. Ella solicita el crédito para la compra de arroz, frijoles, aceite, platos desechables, refrescos, azúcar, café, entre otros. Ellas están felices por el préstamo y se comprometen a cumplir con los pagos de su cuota.

Previous Loan Details

The San Ramón Solidarity Group is composed of Delmir Raquel and Martha Lorena. Each dedicates herself to different economic activities. Delmir, age 28, started her food-selling business with her own money more than 10 years ago. Since she started her business, she has begun to sell food to local ... More from San Ramon Solidarity Group's previous loan »

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).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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

  • $3,636
    Average annual income
  • 65
    View loans »
    Nicaragua Loans Fundraising
  • $23,485,000
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of San Ramon Solidarity Group's $725 loan helped a member to purchase rice, beans, oil, disposable plates, beverages, sugar, coffee and other items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2011
Listed
Oct 26, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012