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Santos Gabriela

Update on Santos Gabriela

Santos Gabriela, of legal age, has five adult children. She is from the municipality of Chinandega, located in the West of the country. Santos is a hardworking, responsible woman, and with a lot of effort managed to help her children to get ahead. She now works in the business of selling glass bottles, which she buys in bars and restaurants. She then washes them and sells them to a business in León. She also makes some handicrafts, which she sells to businesses in markets.

One of her dreams is to continue making improvements to her home, which she has been repairing bit by bit. This loan will be used to buy primary materials - glass bottles - and to continue her business in order to earn more income. Santos is very grateful for the support that Kiva lenders offer to people with few economic resources.
View original language description ↓
Santos Gabriela, mayor de edad con cinco hijos mayores de edad, originaria del municipio de Chinandega ubicado en el occidente del país, Santos es una mujer trabajadora, responsable, ya con muchos esfuerzos logro sacar adelante a sus hijos ahora ella se dedica al comercio venta de envases de vidrio, los cuales compra en bares y restaurantes luego los lava y estos los vende a una empresa en León, al igual que también realiza ciertas manualidades las cuales las vende en negocios de los mercados, uno de sus sueños es poder seguir mejorando su vivienda, el cual ido reparando poco a poco, el objetivo de este crédito es para la compra de materia primar compra de envases de vidrio, y continuar con su negocio para así tener mayores ingresos, Santos agradece mucho el apoyo que los inversionistas kivas les ofrece a personas de bajos recursos económicos.-

Previous Loan Details

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... 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

  • $3,636
    Average annual income
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $23,830,900
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Santos Gabriela to buy working capital such as glass bottles, among other things.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
Jun 6, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013