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Paula Argentina

Update on Paula Argentina

Paula Argentina is an entrepreneur who has worked before with Fundación León 2000. She explains that the opportunity they offered her with the loan changed her life. She sells meat and has regular and new customers to whom she offers her product. Paula Argentina is asking for a loan again to invest in her business by buying beef, pork, chicken and mutton, among other meats her customers ask her for.
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Paula Argentina es una emprendedora que ha venido trabajando con Fundación León 2000, lo cual ella explica que gracias a la oportunidad que le han brindaron con el financiamiento ha cambiado su vida. Ella se dedica a la venta de carne lo cual ya tiene definido a sus clientes fijos y eventuales a los que les ofrece sus producto. Paula Argentina está nuevamente solicitando crédito para invertir en el negocio y comprar carne de res, cerdo, pollo, pelibuey entre otras que le demanda.


Previous Loan Details

Paula Argentina, 24, sells meat. She’s been in this business for over 8 years now. She sells in an ambulatory manner since this is the only way to sell what she offers at wholesale. She started out at the beginning with very little capital using her own funds but with a strong desire to get ... More from Paula Argentina'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
  • 133
    View loans »
    Nicaragua Loans Fundraising
  • $24,566,075
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Paula Argentina to buy beef, pork, chicken, mutton and other meats that people have asked her for.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2011
Listed
Dec 24, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012