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Geoconda Benita

Update on Geoconda Benita

Geoconda Benita lives in the Chinandega department in the west of the country. She is 41 years old and makes her living selling general merchandise, such as children's clothing, cosmetics, clothing, used clothing and stuffed animals.

She also has a food stall at the bus terminal at her house, where she has permanent and temporary customers. She is a very hard-working person with many hopes of overcoming.

She is asking for the loan for working capital. One of her goals is to be able to improve her income to have economic stability in her household. She is grateful for the help of Kiva investors, who give her and other people with scarce resources and in poor countries like Nicaragua some dignity in work.
View original language description ↓
Geoconda Benita reside en el departamento de Chinandega en el occidente del país, tiene 41 años de edad y se dedica a la venta de mercadería en general como ropa para niños, cosméticos, prendas, ropa usada peluches y también tiene un puesto de comida en la terminal de buses de su domicilio donde tiene clientes fijos y eventuales, es una persona muy trabajadora y con muchos deseos de superación, ella solicita crédito para capital de trabajo, una sus expectativas es poder mejorar sus ingreso para poder tener una estabilidad económica en su hogar, ella agradece la ayuda que los Inversionistas Kivas le ofrecen a ella y otras personas con escasos recursos y a países pobres como Nicaragua para tener un medio digno de trabajo.

Previous Loan Details

Geoconda Benita is forty years old and married. She is an entrepreneur who has been selling general merchandise as her work for five years. She began the tools of her trade as a necessity to have another income for her family's well-being. She carries out her work as a street vendor and at home. ... More from Geoconda Benita'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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 70
    View loans »
    Nicaragua Loans Fundraising
  • $23,621,150
    Funds lent in using Kiva
  • 25.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Geoconda Benita to buy general merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2013
Listed
Sep 22, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014