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Silvia Melania

Update on Silvia Melania

Silvia Melania set up her business seven years ago, selling cosmetics and perfumes. She then started working in a free trade zone and sold her products there. She extended her business, selling clothes and footwear, and now has a larger customer base as her work colleagues make up most of her customers.

Thanks to the financing of Fundación Leon 2000, she has been able to obtain a tool to make a living for the support of her two dependent children and, together with her husband, they are teaching them to get ahead and improve their life day to day. Silvia needs this loan to buy clothes, perfume, sheets, creams, towels, bags and footwear.
View original language description ↓
Silvia Melania comenzó su negocio hace unos 7 Años, vendiendo cosméticos y perfumería en general, luego empezó a laborar en una zona franca y ahí vendía sus productos y se extendió con ropa, y calzados, ahora tiene una mayor clientela ya que sus compañeras de trabajo son la mayoría de sus cliente, gracias al financiamiento de fundación león 2000 ha podido obtener una herramienta de trabaja para poder mantener a sus dos hijos menores de edad y que junto a su esposo le enseñan a salir adelante para que su medio de vida mejore cada día. El motivo del crédito es para la compra de ropa, perfumes, sabanas, cremas, toallas, bolsos y calzado.

Previous Loan Details

Silvia Melania set up her business seven years ago, selling cosmetics and perfumes. She then started working in a free trade zone and sold her products there. She extended her business, selling clothes and footwear, and now has a larger customer base as her work colleagues make up most of her c... More from Silvia Melania'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
  • 120
    View loans »
    Nicaragua Loans Fundraising
  • $24,043,075
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $650 helped Silvia Melania to buy clothes, perfume, sheets, creams, towels, bags and footwear.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 29, 2012
Listed
Apr 30, 2012
Currency Exchange Loss:
Possible
Expired:
May 30, 2012
This photo was used before for a previous loan for Silvia Melania. It was first posted on Kiva on Jun, 2011. Learn More