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Luz Adilia

Update on Luz Adilia

Luz Adilia is 58 years old. She sells tajadas, enchiladas and tortillas. She started her business with her own capital and has had to make a great effort to get ahead and generate an income for her family. Luz Adilia sells her food as a street vendor but also from home. She has steady as well as one-off customers. Luz Adilia is requesting the loan to buy the ingredients to make tajadas, enchiladas and tortillas.
View original language description ↓
Luz Adilia tiene 58 años de edad, su actividad económica a la que se dedica es a la venta de tajadas, enchiladas y tortillas, este negocio lo inicio con capital propio en el cual ha salido adelante con mucho esfuerzos y para generar ingresos a la familia. Luz Adilia su actividad económica la realiza de forma ambulante y en su casa de habitación, ella tiene sus clientes fijos y eventuales. Luz Adilia está solicitando crédito para comprar materia prima para la elaboración de las tajadas, enchiladas, y tortillas.

Previous Loan Details

Luz Adilia makes tortillas. She has had this business for more than five years. She is always worried about her family's progress. She is a woman who is very enthusiastic about making progress and improving her family's living conditions; her customers come to her house to buy the good tortillas… More from Luz Adilia'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
  • 161
    View loans »
    Nicaragua Loans Fundraising
  • $23,192,125
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Luz Adilia to buy the ingredients to make tajadas, tortillas and enchiladas.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2011
Listed
Dec 28, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012