Check out some available loans that are similar to this one!
Candida Norberta

Update on Candida Norberta

Candida, 72, is married and has adult children who live totally independently from her. She sells general merchandise for a living and has been in business for 18 years, as both a street vendor and working from home.

She is currently requesting a loan to buy merchandise such as pants, shorts, t-shirts, towels, socks, shoes, underwear, blouses and women's sportwear, among other items.
View original language description ↓
Candida de 72 años de edad, casada, con hijos adultos, totalmente independiente de ella, tiene por actividad economica la venta de mercaderia en general, negocio que lo tiene desde hace 18 años, de forma ambulante y en su casa, en la actualidad esta solicitando el financiamiento para la compra de mercaderia como: pantalones, short, camisetas, tuallas, calcetines, zapatos, ropa interior, blusas de vestir y sport de mujer entre otras.

Previous Loan Details

Candida is a 70-year-old married mother of six children who has sold clothes door-to-door for the past 17 years. She makes frequent trips to Managua to re-stock her inventory and meet client demands. Candida is requesting a loan to buy a greater variety and higher quality shirts, pants, skir... More from Candida Norberta'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
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,053,975
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Candida Norberta to buy pants, shorts, t-shirts, towels, socks, shoes, underwear, blouses and women's sportswear, among other things.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2012
Listed
Jun 26, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2013
This photo was used before for a previous loan for Candida Norberta. It was first posted on Kiva on Jul, 2011. Learn More