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Lesbia Lucrecia

Update on Lesbia Lucrecia

Lesbia Lucrecia works selling general merchandise, and has had her business for over seven years. It originated because she needed a means to work so that she could help cover expenses in her household. She has always been a responsible person and has got ahead through these financings. The loan is to purchase sheets, cosmetics, clothing in general, glasses, hats, underwear, and other items.
View original language description ↓
La señora lesbia Lucrecia se dedica a la venta de mercadería en general. Hace más de 7 años que tiene este negocio, el cual surgió como una necesidad de tener una herramienta de trabajo para ayudar con los gastos de su hogar siempre se ha caracterizado por ser una persona responsable y que ha salido adelante con estos financiamientos. El crédito es para la compra de sabanas, cosméticos, ropa en general, lentes, gorras, ropa interior, entre otras cosas

Previous Loan Details

Lesbia Lucrecia is 51 years old. She is the mother of three children, but only two are still under her care. Lesbia has a business selling general merchandise, which she distributes as a traveling merchant but also offers from her home. She has been in this business for 18 years. Sra. Lesbia ... More from Lesbia Lucrecia'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
  • 94
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Lesbia Lucrecia to purchase sheets, cosmetics, clothing in general, glasses, hats, underwear, and other items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2012
Listed
Jun 19, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013
This photo was used before for a previous loan for Lesbia Lucrecia. It was first posted on Kiva on Jun, 2011. Learn More