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Irma Nellys

Update on Irma Nellys

Irma Nellys is 56 and she sells clothing and beverages. For some time, she has enjoyed fighting to get ahead. This is not the first time she has received funding for which she is grateful since it has made it possible for her to increase her household income. The purpose of this loan is to buy pants, shirts, skirts and suits among other items. She is a street seller, since this is the way she is able to attract a large number of customers every day.
View original language description ↓
Irma Nellys tiene 56 años, su actividad es la venta de ropa y refrescos. Desde hace tiempo le ha gustado luchar para salir adelante. Esta no es la primera vez que realiza financiamientos por lo que se siente agradecida pues es por medio de ellos que ha podido mejorar los ingresos de su hogar. El motivo del crédito es para la compra de pantalones, camisas, faldas, trajes entre otros. Ella realiza sus ventas de manera ambulante, pues es así que puede obtener una gran cantidad de clientes diariamente.

Previous Loan Details

Irma Nellys is 55 years old and she works selling natural juices. This is not her first experience with loans. She has been working in this business for 20 years and it is a trade that helped her to pay for her childrens’ college expenses. She goes out to the market every day to buy fresh frui... More from Irma Nellys'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
  • 95
    View loans »
    Nicaragua Loans Fundraising
  • $24,753,075
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Irma Nellys to buy pants, shirts, skirts and suits among other items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2011
Listed
Dec 2, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012