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Ivania Del Rosario

Update on Ivania Del Rosario

Ivania del Rosario is 41 years old, married and has two dependent children. Her business for the last 8 years has been running a video game service out of her home. She uses her tools of the trade as a way to subsidize and to help with the family expenses. The business is currently profitable, thanks to her efforts and tenacity and to the help Leon 2000 and the Kiva Program offer to low-income people so they can earn a living. She wants to invest the loan in the purchase of equipment for her business, like televisions, Nintendo, DVDs, TV stands, Play Stations and other items.
View original language description ↓
Ivania del Rosario de 41 años de edad, casado con dos hijos menores de edad, tinene por actividad economica servicio de videos juegos ubicado en su casa de habitacion desde hace 8 años,herramienta de trabajo que la incio buscando un medio de cómo subsitir y poder ayudar con los gastos de la familia, en la actulidad el negocio le ha sido rentable, gracias a su esfuerzo y tenacidad y el apoyo que leon 2000 y el programa kiva le brinda a personas de escasos recursos para tener un medio de vida. El fiannciamiento lo quiere para invertir y compra equipo de trabajo como: televisores, nintendo, DVD, mueble de televisores, playstatay, entre otros.

Previous Loan Details

Ivania del Rosario is 31 years old, married and has three young children. She owns a video game store. She started this business seven years ago to provide for household needs. Actually, she did not have experience. It was because her children love this kind of entertainment that she decided ... More from Ivania Del Rosario'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
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $23,814,675
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Ivania Del Rosario to purchase: televisions, Nintendo, DVDs, TV stands, Play Stations and other items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 5, 2012
Listed
Jul 15, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013