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Ruth Mercedes

Update on Ruth Mercedes

Ruth is a single mother with two children, who are 14 years old and 5 months old. Se is originally from the Department of Chinandega, which is in the western region of the country. Ruth works buy selling general merchandise including clothing for children and adults, pants, shirts, t-shirts, dresses, shorts, underwear, perfume, and cosmetics.

The reason for this loan is to invest in working capital to increase her merchandise and therefore increase her profits. She also takes advantage of sales during Christmas, and is able to meet her customers' demands. Ruth distributes her products by traveling. Her daily routine is to work ten hours a day. She goes out to the street to sell merchandise to regular and prospective customers. Ruth is grateful to the Kiva lenders who provide help to people with limited resources and poor countries like Nicaragua so they may have a decent standard of living.
View original language description ↓
Ruth, Madre soltero con dos hijos de 14, 5 meses de edad, ella es originaria del departamento de Chinandega. Lugar que esta ubicado en la zona de occidente del país. Ruth tiene por actividad económica la venta de mercadería en general la cual consiste en vender ropa de niño, ropa de adulto, pantalones, camisas, camisetas, vestidos, short, ropa interior, perfumees, cosméticos. El objetivo del préstamo en invertir en capital de trabajo aumentar su mercadería y de dicha forma incrementar su ganancia. Y también aprovecha las ventas en la temporada navideña y poder satisfacer la demanda de sus clientes. El negocio lo distribuye de forma ambulante. La rutina diaria de Ruth es trabajar unas 10 horas diarias, sale a las calle a ofrecer mercadería donde clientes fijos y eventuales. Ruth agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de vida digno.

Previous Loan Details

Ruth is 36 years old and has been selling general merchandise for more than six years. She has three young children. Ruth has proven that she is a hard worker. This is not the first time she has received funding since it has been a great help in moving her business forward and providing her cu... More from Ruth Mercedes'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
  • 64
    View loans »
    Nicaragua Loans Fundraising
  • $25,382,700
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Ruth Mercedes to stock merchandise such as clothing for children and adults, pants, shirts, t-shirts, dresses, shorts, underwear, perfume, and cosmetics.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 23, 2012
Nov 19, 2012
Currency Exchange Loss:
Nov 17, 2013