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Elizabeth Magdalena

Update on Elizabeth Magdalena

Elizabeth Magdalena sells general merchandise. She’s been in this business for several years. She has to offer her products in the departments because she already has certain customers that buy her products at wholesale which is much more favorable for her. Her business is conducted in an ambulatory way and as time has gone by this entrepreneur has acquired experience but despite this problem she’s striven to get ahead.

She’s asking for this loan as working capital like perfumes, creams, colognes, shoes, clothes and underwear; clothing in general. Her wish continues to be to buy a pick-up truck to earn better profits through products sales because this way she’d be able to cover a wider market.
View original language description ↓
Elizabeth Magdalena se dedica a la venta de mercadería en general. Hace más de varios años que se dedica a esta actividad. Ella tiene que ofrecer sus productos a los departamentos ya que tiene ciertos clientes que le compran sus productos al por mayor, lo que le resulta mucho más favorable. su negocio es de manera ambulante, esta emprendedora ha logrado adquirir experiencia y a través del tiempo pero a pesar de este problema ha luchado por salir adelante. Ella solicita este crédito para capital de trabajo como perfumes, cremas, colonias, ropa, calzado y ropa interior, ropa en general. Su deseo sigue siendo comprar una camioneta para tener mejores ganancias con la distribución de los productos ya que de esa forma abarcaría mayor mercado.

Previous Loan Details

Elizabeth Magdalena's business is selling general merchandise. She is 29 years old and has been in this business for more than six years. Elizabeth has to sell her products in different departments. She has some customers who buy her products wholesale which works out much better for her. E... More from Elizabeth Magdalena'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
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $350 helped Elizabeth Magdalena to buy cosmetics, clothes, shoes and underwear.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2012
Listed
May 28, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Elizabeth Magdalena. It was first posted on Kiva on Apr, 2011. Learn More