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Zenelia Elvira

Update on Zenelia Elvira

The entrepreneur Zenelia Elvira is already a client of Fundación León 2000. With the loan she has been awarded, she has invested in her business by increasing her merchandise so that she can offer her customers a variety of products. She is happy with the support she is receiving to help her business grow and to supply her customers, since her priority is to satisfy them. Currently, the entrepreneur is requesting financing to purchase more products such as powders, cases, handbags, sheets, glosses, treatments, and perfumes, among other products.
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Zenelia Elvira esta emprendedora ya es cliente de Fundación León 2000, con el crédito que se le ha otorgado la emprendedora ha invertido en su negocio aumentando su mercadería para ofrecerles a sus clientes variedad de producto. Esta emprendedora está contenta con el apoyado que le están brindando para crecer en su negocio y abastecer a sus clientes que son su prioridad de satisfacerlos. Actualmente la emprendedora está solicitando financiamiento para comprar más producto como polvos, estuches, bolsos, sabanas, brillos, tratamientos, perfumes entre otros productos.

Previous Loan Details

Zenelia Elvira sells general merchandise. She has had this business for more than 11 years and is a responsible person. This is not the first time that she has financed her business. Zenelia is very happy for this opportunity that she has been granted. The experience she has obtained through her ... More from Zenelia Elvira'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
  • 106
    View loans »
    Nicaragua Loans Fundraising
  • $24,398,000
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Zenelia Elvira to purchase products such as powders, cases, handbags, sheets, glosses, treatments, and perfumes, among other products.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2012
Listed
Mar 31, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 21, 2013
This photo was used before for a previous loan for Zenelia Elvira. It was first posted on Kiva on Mar, 2011. Learn More