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Update on Placida

Placida is 63 years old. She is a single mother of five adult children, all of whom are married and have their own families. She has an excellent credit record. She lives in the village of Sauce, which lies in a dairy-producing and cattle-raising region. Placida makes her living buying cows and selling milk. One of her sons helps her with her business. Placida has had a number of prior loans, which she has paid off quite responsibly in full and on time. Placida is requesting the loan so she can buy cows and milk to meet her customers' demand and bring in higher earnings in her business. Placida is grateful for the help she's gotten from Kiva's lenders, who offer people with few resources a chance at a decent life. The photo shows Placida with one of her little cows that she milks every day to sell to the people who live in her area.
View original language description ↓
La Sra. Placida de 63 anos madres soltera con excelente record crediticio, con 5 hijos mayores de edad, casados con familias propias. Ella corresponde al municipio del Sauce, una zona productora de leche y productos derivados. Y crianza de ganado. Placida tiene por actividad económica la compra de ganado y venta de leche. Dicha actividad la realiza con ayuda de uno de sus hijos. Placida tiene amplio record crediticio ha manejado créditos anteriores con gran responsabilidad y cancelados en tiempo y forma. dichas actividades son propias de la zona.Placida esta solicitando el financiamiento para invertir en la compra de ganado y leche para satisfacer la demanda de sus clientes y tener mejores ganancias de su negocio. Placida agradece la ayuda que le brindan los prestamistas kiva a personas de escasos recurso para tener un medio de vida digno. En la foto observamos a Placida con una de sus vaquitas la cual le genera leche y vende diariamente a los pobladores de su localidad.

Previous Loan Details

Placida is 61 years old. Her only goal has been to get ahead. Since she was young woman, Placida has worked very hard so that she could help her parents with the family expenses. She buys and sells cattle and pigs. Placida has not become complacent, so she aspires to increase her business. ... More from Placida'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
  • 69
    View loans »
    Nicaragua Loans Fundraising
  • $25,075,600
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Placida to invest in buying cows and milk to satisfy her customers' demand.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 6, 2012
Sep 23, 2012
Currency Exchange Loss:
Sep 17, 2013