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Alba Luz

Update on Alba Luz

Alba Luz is 41 years old and has four minor children. She works producing and selling baked goods and has been working in the business for 12 years. The business consists of making all types of baked goods such as assorted pastries, empanadas, wraps, cannoli, rice pudding, pineapple cakes, layered cakes, and sponge cakes, among other items. The business is located in her home. Currently she is asking for a loan in order to invest in food products since demand has increased. She will use the loan to purchase products like flour, butter, cinnamon, oil, milk, cheese, and eggs.
View original language description ↓
Alba Luz de 41 años de edad, con 4 hijos menores de edad, ella tiene por actividad económica la producción y venta de reposterías, tiempo de tener el negocio 12 años, el negocio consisten en la producción de todo tipo de repostería como: cosa de horno, empanadas, enrolladlos, cachos, sopa de leche, tortas de piñas, maletas, queques entre otros. El negocio está ubicado en su casa de habitación, en la actualidad está solicitando el financiamiento para invertir en capital de trabajo ya que su demanda se ha incrementad Y Aprovechara el financiamiento para la compra de productos como: harina,manteguilla, canela, aceite,leche, queso,huevos entre otros.

Previous Loan Details

Alba Luz is 39 years old, and she has a partner and four young children. Her goal is to continue providing service to her customers and to improve the quality of the bread that she bakes. She works making and selling donuts and other baked goods. The business is located in an area she annexed from… More from Alba Luz'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
  • 175
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,275 helped Alba Luz to purchase baking products like flour, butter, cinnamon, oil, milk, cheese, and eggs.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2012
Listed
Aug 19, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014