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Nicolasa Emperatriz

Update on Nicolasa Emperatriz

Nicolasa Emperatriz is an entrepreneur who has sought support through financing to invest in her business buying products for the bakery which she’s taken advantage of to the maximum in that she has increased her investment to offer her customers a variety of bread. This entrepreneur has worked her entire life to move her family forward and during the loan period showed herself to be a responsible person with the desire for self-improvement.

She’s currently asking for financing to invest in the business purchasing products like eggs, yeast, flour, butter and cheese among other products used to make bread.
View original language description ↓
Nicolasa Emperatriz es una emprendedora que se le ha apoyado en el financiamiento para invertir en el negocio para la compra de productos para la panadería en el cual ha aprovechado al máximo ya que ha aumentado su inversión para ofrecerles a sus clientes una variedad de pan, esta emprendedora toda su vida ha trabajado para sacar a su familia adelante, durante el financiamiento a demostrado ser una persona responsable y con deseos de superación, actualmente está solicitando financiamiento para invertir en el negocio para la compra de productos como huevos, levaduras, harina, mantequilla, queso entre otros productos para la elaboración del pan.

Previous Loan Details

Nicolasa Emperatriz manages a bakery and has more than four years of experience in this business. This is not the first time she has received loans since they have been a great help to her business. Nicolasa started this business so that she could cover the household expenses. She has always w... More from Nicolasa Emperatriz'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
  • 119
    View loans »
    Nicaragua Loans Fundraising
  • $24,043,075
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Nicolasa Emperatriz to buy bread baking ingredients.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 30, 2012
Listed
May 6, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013
This photo was used before for a previous loan for Nicolasa Emperatriz. It was first posted on Kiva on Mar, 2011. Learn More