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G.s. Los Coquitos Group
In this Group: Paz Catalina, Ery Neftali

Update on G.s. Los Coquitos Group

Ery Neftali and Paz Catalina belong to the “Los Coquitos” solidarity group. Ery sells clothing and offers tricycle transport services. For more than 13 years he has made his living in this manner and, at the same time, has taken care of his 5 children, aged 24, 23, 22, 19, and 11.

He needs to increase his working capital in order to satisfy current customer demand. The motive for the loan is to buy merchandise, including pants, shirts, skirts, and suits, among other types of clothing.
View original language description ↓
Ery Neftalí y Paz Catalina conforman el grupo solidario Los Coquitos. Ery se dedica a la venta de ropa y brindar el servicio de triciclo, desde hace mas de 13 años el tiene este medio de vida y al mismo tiempo se ha hecho cargo de sus 5 hijos con las siguientes edades 22, 11, 24, 23 y 19 años. El necesita incrementar su capital de trabajo con el fin de satisfacer la demanda de sus clientes. El motivo del crédito es para la compra de capital trabajo como: pantalones, camisas, faldas, trajes, entre otro tipo de ropa.

Previous Loan Details

The Los Cocos communal bank’s members are Ery Neftali and Paz Catalina. They have joined together to take out loans to buy needed raw materials for their businesses. Ery provides tricycle services with much effort. The work has to be done daily because there are two children to support. He ... More from G.s. Los Coquitos 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
  • 81
    View loans »
    Nicaragua Loans Fundraising
  • $25,792,450
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Los Coquitos Group's $625 loan helped a member purchase pants, shirts, skirts, and suits, among other types of clothing to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 4, 2011
Dec 2, 2011
Currency Exchange Loss:
Dec 15, 2012
This photo was used before for a previous loan for G.s. Los Coquitos Group. It was first posted on Kiva on Mar, 2011. Learn More