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Rosa Eligia

Update on Rosa Eligia

Rosa Eligia is an entrepreneur who has fought to get ahead. With much effort she has raised her children to give them the best. This is not the first time Rosa has taken out a loan, since she has already been in several cycles and has shown herself to be an entrepreneur with goals and a desire to get ahead in her life and business. Rosa tells us that with the financing that we have offered her, she has been able to increase her inventory and above all, her customers who visit her, both the regulars and the walk-ins. Rosa also tells us that this year her daughter is graduating. It is one of her dreams to see them get head with her hard work. At present, Rosa is asking for a loan to invest in her business, buying firewood, sugar, rice, seasoning, bags and more.
View original language description ↓
Rosa Eligia es una emprendedora que ha luchado por salir adelante con mucho esfuerzos a formado a sus hijos para darle lo mejor. Rosa no es la primera vez que tiene en el negocio ya tiene varios ciclos en el cual ha demostrado ser una emprendedora con objetivos y ganas de salir adelante en sus vida en el negocio. Rosa nos expresa que con el financiamiento que le hemos brindado ha aumentado su inventario y sobre todo sus clientes que llegan a visitarla tanto fijos y eventuales. Rosa también nos cuenta que este año se gradúa su hija es uno de sus sueños más lindo de ver que su esfuerzo por sacarlos adelante. Actualmente Rosa está solicitando crédito para invertir en el negocio en la compra de leña, azúcar, arroz, saborizantes, bolsas entre otras cosas.


Previous Loan Details

Rosa Eligia is 47 years old. This is not the first time that she has had loans; they have always been necessary in her life and her business. Her economic activity is preparing and selling spices. She has been in this business for more than 8 years, since she has to figure out how to deal with the… More from Rosa Eligia'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
  • 153
    View loans »
    Nicaragua Loans Fundraising
  • $23,163,975
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Rosa Eligia to buy firewood, sugar, rice, seasoning, bags and more.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2011
Listed
Jan 12, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2013