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Norma Lucia

Update on Norma Lucia

Norma Lucia is 27 years old and a single mom of a 2 year old son. She is from the city of Malpaisillo which is located in the northern part of the León Department. She has been working in a grocery located in her home for a year now. Before this business she used to sell merchandise such as clothes, cosmetics, and shoes. She changed jobs and decided to work from home since she did not have anyone to look after her son. Norma Lucia has requested previous loans and has demonstrated responsibility by paying them back in a timely manner. She will use the loan to stock up her grocery store with groceries such as: sugar, rice, bean, oil, candy, eggs, milk, carbonated drinks, juices, and matches. A grocery store sells products at retail prices in small amounts. Norma Lucia is thankful for the help that Kiva lenders have offered to people with scarce resources in third world countries such as Nicaragua.
View original language description ↓
Norma Lucia de 27 anos de edad, madre soltera con un hijo de 2 anos Es originaria del municipio de Malpaisillo, y esta ubicado en la parte norte del Departamento de León. Norma Lucia tiene por actividad económica una pulpería ubicado en su casa de habitación y cuenta con una experiencia de 1 ano. Anteriormente ella tenia su negocio era venta de mercadería como ropa, cosméticos, zapatos. La actividad cambio porque tiene un pequeño hijo y no tiene quien se lo cuide decidió tener un negocio en su misma vivienda. Norma Lucia ya ha trabajado con otros créditos y ha demostrado ser responsable en sus pagos en tiempo y forma. El financiamiento lo necesita para invertir y surtir su pulpería con productos de consumo diario del hogar como: azúcar, arroz, frijoles, aceite, dulces, huevos, leche de bolsa, gaseosas, jugos, fósforos. Una pulpería es una tienda que vende productos de al por menor o en cantidades pequeña. Norma Lucia agradece la ayuda que los inversionista kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua.

Previous Loan Details

Mrs. Norma Lucia is 26 years old and has one child who is a minor. She has a business selling general merchandise which she distributes out of her home and from door to door. She began this business 4 years ago with her own resources. She needed a decent income in order to support her son. ... More from Norma Lucia'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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,407,250
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Norma Lucia stock up her grocery store with groceries such as: sugar, rice, bean, oil, candy, eggs, milk, carbonated drinks, juices, and matches.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 10, 2012
Sep 28, 2012
Currency Exchange Loss:
Jul 18, 2013