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Diana Luz

Update on Diana Luz

Diana Luz is a successful entrepreneur. Through a lot of sacrifice, she and her husband have been able to get their children ahead. This is not the first time that Diana has worked with the Foundation, and she has a good credit record. She explains that thanks to the first loan and the support she has made progress. Diana also has some land where she and her husband work.

Diana is asking for a loan to buy repair parts for her vehicle, which has been damaged and needs to be fixed urgently.
View original language description ↓
Diana Luz es una emprendedora de éxito, que con mucho sacrificio ha salido adelante junto con su esposo para sacar a delante a sus hijos que están a su cargo. Diana no es la primera vez que trabaja con Fundación, ya que su record crediticio es muy bueno, ella nos explica que gracias al financiamiento y al apoyo a salido adelante. Además Diana posee unas tierras en cual también apoyada con su esposo la trabajan. Diana está solicitando crédito para poder comprar repuestos para el vehículo, ya que se ha dañado y lo necesita de urgencia.

Previous Loan Details

Diana Luz provides public transportation services. She has been in this business for more than 37 years. Through her own efforts, she was able to buy a vehicle so that she could take part in a network of routes. As time passed, Diana managed to gain experience and provide her customers the att... More from Diana Luz'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
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Diana Luz to buy repair parts for her vehicle.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2011
Listed
Dec 18, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2014