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Gladys Ricarda

Update on Gladys Ricarda

Gladys Ricards, 49, lives in the town of León, which is known for its tourism and hard-working, kind, welcoming people. Gladys has two children, ages 25 and 17 who are university students. She sells basic need items such as rice, beans, sugar, oil, corn, detergent and soap.

Her store is in a strategic location. She started the business many years ago in order to earn extra income to cover household expenses. She is in need of a loan to use as working capital and to stock her business with basic items for the months of November and December, when demand is at a high. Gladys Ricarda is grateful for the support from Kiva lenders who help low-income populations in poor countries such as Nicaragua.
View original language description ↓
Gladys Ricarda de 49 anos de edad de la localidad de León. León se caracteriza por ser una zona comercial turística, con gente trabajadora, amable, acogedora. Gladys tiene dos hijos de 25,17 anos los cuales están estudiando en la universidad. La Sra. Tiene por actividad económica la venta de granos básico como arroz, frijoles, azúcar, aceite, maíz, detergente, jabón. El negocio esta ubicado en un lugar especifico de su localidad. El negocio surgió hace muchos anos por la necesidad de tener una fuente de ingresos para los gastos de la casa. El financiamiento lo necesita par invertir en capital de trabajo y surtir su negocio con granos básicos. Ya que se acercan la mejor temporada como son los meses de Noviembre y Diciembre. Gladys Ricarda agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua.

Previous Loan Details

Gladys Ricarda has a business selling basic grains. She has demonstrated herself to be a very humble and sincere person. She has faced the problems from the difficult financial situation that the country is going through. She has 2 children in her care. In addition to caring for her children she ... More from Gladys Ricarda'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
  • 69
    View loans »
    Nicaragua Loans Fundraising
  • $25,101,575
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Gladys Ricarda to buy basic items such as rice, beans, sugar, oil, corn, detergent and soap.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 25, 2012
Nov 13, 2012
Currency Exchange Loss:
Mar 17, 2014