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Santos Gabriela

Update on Santos Gabriela

Santos Gabriela is 59 years old, she is a single mother to five children all who are adults and are financially independent. Santos is originally from Chinandega a place located in the western part of the country. She works in recycling and sells glass containers. She has worked in this field for over 21 years. Santos is a very hard worker, responsible and has shown her responsibility by paying her previous loan quotas on time and properly. The loan will be used to invest in work capital and to buy more bottles to sell. Santos Gabriela is grateful for the support given to her by the kiva lenders who give people with limited resources and poor countries like Nicaragua the opportunity to have dignified work.
View original language description ↓
Santos Gabriela de 59 años de edad, madre soltera de cinco hijos todos mayores de edad, e independiente económicamente. Santos es originario de Chinandega, lugar que está ubicado en la zona de occidente del país. Ella tiene por actividad económica reciclaje y venta de envases de vidrio. Desde hace 21 años que desempeña dicha actividad. Santos es muy trabajador, responsable, ella ha demostrado su responsabilidad de pago en los créditos anteriores en el cumplimiento de sus cuotas en tiempo y forma. El objetivo del préstamo es invertir en capital de trabajo y compra más botella para la venta. Santos Gabriela 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 trabajo digno.

Previous Loan Details

Santos Gabriela is 59 years old. She is a single mother of five grown children. She has been making a living selling glass plates for 21 years. The business is located in her home and she also sells door-to-door. She started the business with the support of her husband. He worked washing bot... More from Santos Gabriela'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
  • 97
    View loans »
    Nicaragua Loans Fundraising
  • $24,800,300
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Santos Gabriela invest in work capital to buy and sell recyclable glass bottles.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Dec 26, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013
This photo was used before for a previous loan for Santos Gabriela. It was first posted on Kiva on Jul, 2012. Learn More