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G.s. Los Menudos Group
In this Group: Martha Maria, Carlos Agusto

Update on G.s. Los Menudos Group

Martha Maria works selling bundles of used clothing. She has one child who is still under her care.

She has competition, but she offers well selected pieces of clothing at low prices. In the future, she wants to invest in the construction of a shed outside her house to sell her products. She wants to continue investing in her business.

Martha and Carlos are asking for this loan to invest in their businesses during the high season when sales are at their best.
View original language description ↓
La señora Martha Maria, su actividad económica a la que se dedica es a la venta de ropa usada de paca. Ella tiene 1hijo, que todavía se encuentra a su cargo. \

Ella tiene competencia, sin embargo oferta a bajos precios piezas de ropa bien seleccionadas. Desea invertir en un futuro en la construcción de una caseta fuera de su casa para vender sus productos. Pretende continuar invirtiendo en su negocio. La señora Martha al igual que Carlos están solicitando crédito para invertir en el negocio en esta temporadas altas donde las ventas son las mejores.

Previous Loan Details

Martha Maria is 48 years old, is a single mother and has one son who is 17 years old. She sells used clothing in bulk, mainly pants and shirts. Furthermore, she sells second-hand stuff toys both separately and in bulk. She has a small space located in the market where she sells her products. She ... More from G.s. Los Menudos 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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $23,830,900
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Los Menudos Group's $500 loan helped a member to purchase bundles of clothes.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2011
Listed
Jan 3, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012
This photo was used before for a previous loan for G.s. Los Menudos Group. It was first posted on Kiva on Nov, 2010. Learn More