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Rosa Matilde

Update on Rosa Matilde

Rosa Matilde is an existing client of Fundación León 2000. Throughout her last loan, she showed herself to be a responsible person who has a desire to do well in life. This entrepreneur has invested in her business, buying more products to offer the customers who come to her store. She is requesting this loan to invest in her business, purchasing threads, ribbons, zippers, buttons, adhesives and other materials.
View original language description ↓
Rosa Matilde es una emprendedora que ha venido trabajando con Fundación León 2000, en crédito anterior ha demostrado ser una persona responsable y con deseos de superación. Esta emprendedora ha invertido en su negocio en la compra de más productos para ofrecerles a sus clientes en el bazar. Actualmente Solicitando financiamiento para invertir en el negocio comprara hilos, cintas, zipper, botones, pegamentos entre otros materiales.

Previous Loan Details

Rosa Matilde is 62 years old. This is not the first time that she has taken a loan. They have been a great help to her business. She has a store where she sells sewing supplies which she has had for more than 13 years. She has shown herself to be a very responsible woman who, over time, has i... More from Rosa Matilde'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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,581,200
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Rosa Matilde to buy threads, ribbons, zippers, buttons, adhesives, etc.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2012
Listed
Apr 15, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013