Update on Patricia AngelicaPatricia Angélica is a 33-year-old single mother of three young children, ages 9, 8 and 4. She is originally from the department of Chinandega, which is located in the western zone. She makes a living selling cosmetics and second-hand clothing. For the past six years her business has consisted of selling children's clothing, shirts, pants, shorts and skirts, all used. She runs the business out of her home and started it as a means to make headway for her children. As a single mother, her financial responsibility is great. Patricia Angélica has already worked with the foundation and has demonstrated the responsibility of making her payments on time. She is requesting this loan to have working capital to purchase high-quality used clothing in order to provide a better service to her customers and have better revenue. Patricia Angélica is grateful for the help provided by Kiva lenders to people of scant resources in poor countries like Nicaragua so they have access to dignified work.
Previous Loan DetailsPatricia Ángelica is a woman who is devoted to her family and so she works with great dedication. She sells used clothing and feels fortunate to have a job in which she can lead her household and manage her own hours. With the hope of making continual progress, Patricia would like to buy… More from Patricia Angelica's previous loan »
Fundación Leon 2000This 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.
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Success!! The loan was 100% repaid