Update on Lesbia MariaLesbia Maria, 60, is single and is the mother of a grown son. She lives in the municipality of Nagarote, a place that is located in the western part of the country. Nagarote is known for being one of the cleanest cities in the country, and it is also known for its handicrafts. Lesbia has had a convenience store located in her house for 32 years. This is the kind of store where consumer staples are sold in small quantities, for example, small bags of coffee and shampoo, a box of matches, rice by the pound, small containers of cooking oil, juices, soft drinks, and fresh drinks. Lesbia has already worked with the Fundacion Leon 2000, and has demonstrated responsibility in making her payments on time and in full.
Lesbia needs a loan to invest in working capital to stock her small grocery store. This way, she will obtain more income and be able to have the products in stock that her customers are looking for. Lesbia appreciates the help that the Kiva lenders are providing to people of limited resources in poor countries like Nicaragua, so that they can have a decent standard of living.
Lesbia María de 60 anos de edad, madre soltera con un hijo mayor de edad. Lesbia corresponde al municipio de Nagarote, lugar que esta ubicado en la zona de occidente, Nagarote de ha caracterizado por ser una de las ciudades mas limpia del país, y trabajos de artesanías. Lesbia tiene por actividad económica una pulpería ubicado en su casa de habitación y tiene 32 anos de tener el negocio. Una pulpería es un tienda donde se venden productos comestible de consumo diario y en cantidades pequeñas como bolsitas de café, bolsitas de champo, una caja de fosforo, arroz x libra, ¼ de aceite, jugos, gaseosas, frescos naturales. Lesbia ya ha trabajado con fundación león 2000 y ha demostrado su responsabilidad de pago en tiempo y forma. El financiamiento lo necesita para invertir en capital de trabajo y surtir su pequeña pulpería para obtener mejores ingresos y poder abastecer a sus clientes con productos que ellos solicitan. Lesbia agradece la ayuda que los inversionista kiva le brindan a las personas de escasos recursos y países pobre como es Nicaragua. Para tener un medio de vida digno.
Previous Loan DetailsLesbia Maria is a 59-year-old mother. Her home has running water and electricity and is located in the Nagarote municipality. Lesbia has worked in this business and taken out loans from Fundacion Leon 2000 for a long time. She runs a convenience store in her home, for better security and comfort.… More from Lesbia Maria'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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