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Gerarda De La Asuncion

Update on Gerarda De La Asuncion

Gerarda is 49 years old. Her economic activities are selling hammocks and running a grocery store. Gerarda used to help her mother make hammocks when she was in this business and with the passage of time she’s managed to get the loans she’s had to date because she’s always liked her work. Now, she’s asking for financing to buy snacks, soft-drinks, bread, juice and cookies, among other things. She dreams with keeping the business active to have a prosperous work tool for her family’s economic benefit.
View original language description ↓
Gerarda tiene 49 años, la actividad económica a la que se dedica es a la venta de hamacas y una pulpería, Gerarda fue ayudante de su mama cuando este trabajo elaborando hamacas, pues con el paso del tiempo es que ha logrado realizar los financiamientos que tiene hasta el momento, pues siempre le ha gustado su actividad. Ahora solicita este financiamiento para la compra de golosinas, refrescos, pan, jugos, galletas entre otras cosas. Sueña con mantener el negocio activo y así poder tener una prospera herramienta de trabajo para el beneficio económico de su familia.

Previous Loan Details

Gerarda, 49, makes hammocks and has a grocery store. She helped her mother when she made hammocks and as time went by got loans that made it possible for her to continue with this work that she enjoys very much. She is asking for funding to buy stock items like: snacks, beverages, bread, ju... More from Gerarda De La Asuncion'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.

About Nicaragua

  • $4,800
    Average annual income
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Gerarda De La Asuncion to buy snacks, soft-drinks, bread, juice and cookies, among other things.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2012
Listed
Apr 30, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013
This photo was used before for a previous loan for Gerarda De La Asuncion. It was first posted on Kiva on Jul, 2010. Learn More