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Irma

Update on Irma

Irma has been working with Fundación Leon 2000 for a long time and this is not the first time that she has requested a loan. Her business is selling tortillas and cuajadas (a compact, cheese-like product). Most of her customers are friends, neighbors and family members. They know very well how hard she constantly works.

Irma is requesting this loan to buy corn, a tortilla hotplate, firewood, milk, salt and other products. Irma has managed to consistently improve her business through the loans that she takes out.
View original language description ↓
Irma tiene mucho tiempo de trabajar con Fundación, pues no es la primera vez que solicita créditos. Ella se dedica a la venta de tortillas y cuajada, la mayoría de sus clientes son sus amigos vecinos y familiares. Conocen muy bien el arduo trabajo que realiza constantemente. Ella está solicitando el crédito para la compra de maíz, comal, leña, leche, sal entre otros. Irma ha logrado mejorar cada día su actividad ha sido por medio de los financiamientos que obtiene.

Previous Loan Details

Irma sells tortillas and 'cuajada' (a compact, cheese-like product). She has been a client of Fundación Leon 2000 for a long time and has been in this business for more than 35 years. It is a business that she enjoys a lot. Every day she must get up very early to make her 'cuajada' to offer to... More from Irma'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

  • $3,636
    Average annual income
  • 138
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Irma to buy corn, a tortilla hotplate, firewood, milk, salt and other products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2011
Listed
Nov 19, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012