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G.s. El Paraiso Group
In this Group: Rosalina Eufemia , Ever Arnoldo, Dina Maria

Update on G.s. El Paraiso Group

The El Paraíso solidarity group is made up of three members. They live in the department of Chinandega in the western part of the country, a very commercial area with a lot of demand.

Rosalina owns a grocery store where she sells products such as basic grains, rice, sugar, corn, beans, oil, and perishables like tomatoes, onions, chiltoma peppers, and bananas. She also sells sweets, refrigerated products, cosmetics, clothing and other things. Rosalina first started her business selling general merchandise. Then she earned more income and was able to start her grocery store. She has had it for 11 years, and with a lot of sacrifice and effort she has managed to get ahead.

Dina makes a living selling general clothing such as pants, blouses, shorts, and t-shirts. She also sells nail polish, make-up, perfume, creams, and other cosmetics.

Evert makes a living selling peanuts, calabash seeds, cacao, and other grains. He also offers soldering services, roof installation and other things.

The goal of this loan is to invest in their various businesses. They're very grateful for the help and support that Kiva investors give to low-income people and poor countries like Nicaragua so they can earn a decent living.
View original language description ↓
El grupo solidario EL Paraíso está conformado por tres integrantes ellos residen en el departamento de Chinandega en el occidente del país lo cual es una zona comercial y existe gran demanda,

Rosalina es propietaria de una pulpería en la que vende productos de consumo como: granos básicos, arroz, azúcar, maíz, frijoles, aceite, productos perecederos como: tomates, cebollas, chiltomas, maduros entre otros, al igual que golosinas, productos refrigerados, cosméticos, ropa, entre otros ella inicio su negocio primeramente con la venta de mercadería en general luego obtuvo mejores ingresos y fue así que pudo poner su pulpería, desde hace 11 años tiene el cual con muchos sacrificios y esfuerzos ha logrado sacar adelante,

Dina se dedica a la venta de ropa en general como: pantalones, blusas de vestir, chores, camisetas al igual que cosméticos entre ellos pinturas de uñas, maquillajes, perfumes cremas y otros.

Evert se dedica a la venta de granos como maní, semilla de jícaro, cacao, y otros también brinda el servicio de soldadura, instalación de techos, y otros.

El objetivo de este financiamiento es para invertir en los diferentes negocios que ellos poseen, ellos están muy agradecidos por la ayuda y el apoyo que los Inversionistas Kivas brindan a personas con escasos recursos y a países pobres como Nicaragua para tener un medio digno de trabajo.

Previous Loan Details

The EL PARAISO group is made up of two members, Rosalina Eufemia and Ever Arnoldo. They are originally from Chinandega, which is located in the west part of the country and is known for is productive business zone. These members know each other because they are from the same zone and therefore ... More from G.s. El Paraiso 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
  • 106
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. El Paraiso Group's $725 loan helped a member to invest in each one's business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 9, 2013
Sep 11, 2013
Currency Exchange Loss:
Mar 17, 2014