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Luisa Esperanza

Update on Luisa Esperanza

Luisa Esperanza has been selling furniture for 15 years. She is a responsible person and has enjoyed obtaining a source of income that her household needs. She started out in this business by selling food and with income from her husband who works as a transport provider. She started selling a few chairs, bought a variety of furniture, and then decided to set up this business. She will use her loan to buy sets of chairs, cribs, mattresses, pillows, beds, closets, etc.
View original language description ↓
Luisa Esperanza tiene 15 años en el negocio de la venta de muebles, ella ha sido una persona responsable y que ha disfrutado de obtener un medio de ingreso necesario para su hogar. Inicio este negocio con la venta de comida y con los ingresos de su esposo que trabaja como acarreador y empezó a vender unas cuantas sillas luego fue comprando variedad de muebles y fue así que decide establecer este negocio. El financiamiento es juegos de sillas, cunas, colchones, almohadas, camas, roperos entre otros.

Previous Loan Details

Luisa Esperanza is 53 years old. She has a business selling furniture. She has been in this business for 14 years. Luisa Esperanza is a fighter and a winner. She started this business to support her child who is in her care. She always keeps an ear open for what her customers are requesting ... More from Luisa Esperanza'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.

About Nicaragua

  • $4,800
    Average annual income
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $25,083,125
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Luisa Esperanza to buy sets of chairs, cribs, mattresses, pillows, beds, closets, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 5, 2011
Oct 28, 2011
Currency Exchange Loss:
Nov 15, 2012