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Ivonne De La Cruz

Update on Ivonne De La Cruz

Ivonne de la Cruz has already accessed credit through Fundación León 2000. Her previous loan was for her business to make improvements to the facility where she raises her chickens, and this allowed her to improve the security of her animals. In addition, the loan helped her to increase her production of chickens. Ivonne is now requesting a loan to renovate her home so she can provide her children with a better quality of life. She needs this loan to buy sand and cement, among other items.
View original language description ↓
Ivonne de la Cruz ya ha tenido crédito con Fundación León 2000, en cual el crédito anterior era para el negocio para mejorar las galeras de la crianza de los pollos que tiene, este crédito le permitió tener mayor seguridad de los animales, además el crédito le ayudo a tener mayor producción de la crianza de los pollos. Ivonne actualmente está solicitando crédito para acondicionar su casa y darle a sus hijos una calidad de vida mejor, este crédito lo requiere para la comprar arena, y cemento ente otros.

Previous Loan Details

Ivonne De La Cruz is 25. Her business is raising and fattening chickens. She has had this business for over three years. She started this business following in her mother's footsteps, since this was previously her mother's job. Ivonne has always been an enterprising woman and she benefits from th... More from Ivonne De La Cruz'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $4,800
    Average annual income
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $25,101,575
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Ivonne De La Cruz to buy sand and cement.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Nov 30, 2011
Dec 29, 2011
Currency Exchange Loss:
Oct 16, 2012