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Geysol Magaly

Update on Geysol Magaly

Geysol is a young woman living in the town of Esteli. She runs a grocery store as well as going to college. She enjoys keeping her store well-stocked so as to attract customers and make more sales.

Her previous loan was used to buy basic grains, soft drinks, candy etc. She plans to use this current loan to buy school supplies, cosmetics, rice, sugar, beans, oil etc.

Geysol's future goal is to become a distributor and sell a wide variety of products. Her current goal is to finish her studies so she can put into practice all she has learned about running a small business. As a result sales are good, and her customers come from nearby neighborhoods because of the fine service she provides.
View original language description ↓
Geysol es una joven que habita en la ciudad de Estelí, ella tiene un negocio de pulpería está joven trabaja actualmente y también estudia le gusta tener su pulpería bien surtida para vender y captar muchos clientes. Ella solicito el crédito anterior para compra granos básicos gaseosas, golosinas y otros productos el crédito actual lo está solicitando para comprar útiles escolares, cosméticos arroz ,azúcar, frijoles, aceite y otros productos sus metas a futuro son hacer de su venta una distribuidora con todos los productos del mercado y su meta próxima es terminar su carrera para poner en práctica los conocimientos adquiridos en su pequeña empresa el punto donde tiene su negocio es un buen punto de venta además que tiene clientes que viene de barrios cercanos que ha logrado obtener con la buena atención que ella les brinda.

Previous Loan Details

Gaysol is 26 years old. She is from Esteli, is married, and is a mother of two children, ages 2 and 4. She is a businesswoman, working at her general store for the last two years. She began this business with her own money that she had saved. Besides the store, she has another business sellin... More from Geysol Magaly's previous loan »

Additional Information

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
  • 154
    View loans »
    Nicaragua Loans Fundraising
  • $24,072,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Geysol Magaly buy school supplies, cosmetics, rice, sugar, beans, oil etc.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2013
Listed
Jun 11, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014