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G.s. Chavarria Group
In this Group: Juana Del Carmen, Paula Emilia

Update on G.s. Chavarria Group

The solidarity group Chavarría is made up of Juana del Carmen and Paula Emilia, both of whom live in the Chinandega department, located in the west of the country in a well-known commercial area where there is a high demand for products. Juana has a convenience store where she sells good for daily consumption such as rice, oil, matches, onions, bread, beans, candy among other items, and she has been running the business for 18 years. She has two children who are 22 and 27, one of which is studying. Paula sells refreshments which she makes with fruits, fresh juices, and cow’s milk, and due to the quality of refreshments that she sells, she has regular and casual customers, and her products sell quickly. She has been doing this work for more than 19 years and has six children who are 27, 29, 30, 31, 33, and 35 years old, all of whom are independent. Both women are married and have the support of their husbands.

One runs her business from home, and the other in the bus terminal where many people pass by when they are travelling to work, classes or to their businesses, which is advantageous to her. Over time she has managed to increase her number of customers because they know very well what she products she offers. They are very grateful for they support they Kiva lenders give to people on low incomes. The loan will be used to buy supplies such as sugar, fruits, a cooler to replace one that she already has, as well as staple goods such as rice, bean, oil, candy, iced goods, coffee, salt, boxes of matches, bread, soft drinks among other products.
View original language description ↓
El Grupo solidario Chavarría lo conforman Juana del Carmen y Paula Emilia ellas pertenecen al departamento de Chinandega ubicado en el occidente del país la cual es una zona muy comercial y existe gran demanda. .Juana tiene un negocio de una pulpería donde vende productos de consumos diarios como: arroz, aceite, fósforos, cebolla, pan, frijoles, golosinas entre otros negocio que tiene desde hace más de 18 años, con dos hijos de 22 y 27 años de edad solo uno estudia, Paula se dedica a la venta de refrescos, los cuales los elabora de frutas, naturales frescas, leche de vaca y por la calidad de refrescos que ella vende tiene clientes fijos y eventuales y su productos se vende con rapidez, tiene más de 19 años de dedicarse a este medio de vida con seis hijos de 27,29,30,31,33 y 35 años de edad todos son independientes, ambas casadas y han tenido el apoyo de sus esposos, una tiene ubicado su negocio en su casa de domicilio y la otra en la terminal de buses donde transitan gran cantidad de personas que buscan su viaje al trabajo, clases o negocios lo que le resulta muy favorable. Con el paso del tiempo han logrado incrementar a la mayoría de sus clientes pues conocen muy bien los productos que ellas ofrecen. Ellas están muy agradecidas con el apoyo que les han brindado los inversionistas Kiva a personas de escasos recurso, El crédito es para la invertir en la compra materia prima como :azúcar, frutas leña unos termos para renovar algunos que ella tiene, también compra de granos básicos como :arroz, frijoles, aceite, golosinas, productos helados, café, sal, fósforos, pan, gaseosas entre otros productos.-

Previous Loan Details

The solidarity group Chavarría is made up of Juana del Carmen, who is 48, married, and has two children, aged 21 and 26, and Paula Emilia. They belong to the department of Chinandega, a well-known commercial area, which is located in the west of the country. Juana sells general merchandise, w... More from G.s. Chavarria Group'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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Nicaragua

  • $4,800
    Average annual income
  • 78
    View loans »
    Nicaragua Loans Fundraising
  • $25,384,750
    Funds lent in using Kiva
  • 24.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Chavarria Group's $850 loan helped a member to buy staple goods such as rice, sugar, beans, oil, fruits, milk, and firewood.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Jan 22, 2013
Jan 29, 2013
Currency Exchange Loss:
Sep 17, 2013