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Emerita De Los Santos

Update on Emerita De Los Santos

Emérita de los Santos, age 39, is married with four children ages 2, 12, 16, and 18. They are all under-age and in school. Emérita has run a pulpería out of her home for four years. A pulpería is a small store which sells food items in small quantities, such as packets of coffee, sachets of shampoo, sugar, bread, milk, curds, rice, beans, large quantities of cigars, juice, and pop. Emérita is a responsible, hard-working woman who has demonstrated her responsibility in paying her loans on time and properly. She needs this loan to invest in her business and to have working capital. She will stock her store with basic home products and be able to provide a better customer service. She thanks Kiva lenders for their support for small businesspeople with few resources, and for supporting poor countries like Nicaragua and providing sources of dignified work.
View original language description ↓
Emérita de los Santos de 39 anos de edad, casada con 4 hijos de 18, 16, 12,2 anos de edad, todos menores de edad están estudiando. La actividad económica de Emérita es una pulpería ubicada en su casa de habitación desde hace 4 anos. Una pulpería es una pequeña tienda donde se venden productos comestibles y en cantidades pequeñas como sobrecitos de café, sobrecitos e shampoo, azúcar, pan, leche, cuajada, arroz, frijoles, cigarros menudeados, jugos, gaseosas. Emérita se caracteriza por ser una mujer responsable, trabajadora, ella ha demostrado su responsabilidad de pago en tiempo y forma. La Sra. Emérita necesita el financiamiento para invertir en capital de trabajo y surtir su pulpería con productos de consumo diario para el hogar y brindar mejor servicio al cliente. Emérita agradece la ayuda que los inversionistas kiva les brindan a los pequeños comerciantes de escasos recursos y países pobre como es Nicaragua para tener fuentes de trabajo digno.

Previous Loan Details

Emérita De Los Santos is 38 years old. This is not the first time that she is asking the Fundacion for a loan as she is very grateful for the opportinity of improving her business with them. She has had a grocery store for more than 2 years. Most of her customers know that she sells items such as... More from Emerita De Los Santos'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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,406,150
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Emerita De Los Santos to invest in working capital and stock her general store with basic staples like packets of coffee, shampoo, sugar, bread, milk, curds, rice, beans, lots of cigars, juice, and pop.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 26, 2012
Nov 19, 2012
Currency Exchange Loss:
Nov 17, 2013