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Ada Erlinda
Ada Erlinda is 34 years old. She is a single mother and has two children in her care. Her business is selling cosmetics. She has been in the business for more than 7 years and sells her products door to door. Owing to her difficult financial situation, she took the initiative to start her business herself and she sells her products in the afternoons. She sells her products through catalogs so that her customers can choose what they like.

Ada is requesting a loan to use as working capital to buy perfume, creams, lipsticks, powders and other products. Her dream is for her children to manage to study at university and help her in her business.
View original language description ↓
Ada Erlinda tiene 34 años. Es madre soltera de 2 hijos a su cargo. Su actividad económica es la venta de cosméticos. Hace más de 7 años que se dedica a este negocio. Ella recorre las calles, debido a la difícil situación económica, ella tomo la iniciativa por cuenta propia y ofrecer sus productos por la tarde con sus catálogos, para que sus clientes escojan lo que más les gusta y es así que decide mantener este negocio. Ahora solicita este financiamiento para capital de trabajo para la compra de perfumes, cremas, pinturas de labios, polvos entre otras cosas. El sueño de Ada es que sus hijos logren prepararse con una carrera y le ayuden con su negocio.

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).

About Nicaragua

  • $4,800
    Average annual income
  • 92
    View loans »
    Nicaragua Loans Fundraising
  • $24,769,675
    Funds lent in using Kiva
  • 22.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Ada Erlinda to buy perfume, creams, lipsticks, powders, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2011
Listed
Apr 8, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 23, 2012