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Luz Del Transito

Update on Luz Del Transito

Luz del Transito is 39 years old, married, and has two children (ages 19 and 8) who are studying. She lives in the Department of Chinandega, which is located in the western part of the country. Her business involves selling new clothes and cosmetics. She has eight years of experience. Luz del Transito is a hardworking and responsible woman who desires to achieve personal growth. Her job involves working about 10 hours a day as a street vendor. She has established customers to whom she offers her merchandise. Luz del Transito offers her merchandise on credit and collects payment every 15 days.

Her business emerged out of necessity because she had to have income for her family and to help with the many household expenses. At the moment, her business is profitable and she has seen improvements in her earnings and her income. The goal of this loan is to invest the money as operating capital for purchasing new clothes such as trousers, skirts, blouses, undergarments, and T-shirts.

Luz del Transito has dreams and goals, such as seeing her children become professionals. She is grateful for the assistance Kiva lenders are providing to people who have limited resources and are from poor countries, such as Nicaragua. This enables them to have a decent life.

View original language description ↓
Luz del transito de 39 anos de edad. Casada con dos hijos de 19,8 anos los dos están estudiando. Ella pertenece al departamento de Chinandega, lugar que esta ubicado en la zona de occidente del país. Su actividad económica es la venta de ropa nueva y cosméticos. Experiencia en el negocio 8 anos. Luz del transito es una mujer muy trabajadora responsable, con ganas de superación personal. Su forma de trabajo es unas 10 horas diaria de forma ambulante. Ella tiene clientes establecidos a los cuales les ofrece su mercadería al crédito recuperando quincenalmente. Negocio surgió por la necesidad de tener un ingreso mas para la familia y ayudar con los gastos del hogar, que afrentar muchos gastos económicos. En la actualidad el negocio ha sido rentable y visto ganancias y mejoría en sus ingresos. El objetivo del préstamo es invertir en capital trabajo y surtir su negocio como ropa nueva como pantalones, faldas, blusas, ropa interior, camisetas. Luz del transito tiene sueños y metas como es ver formados a sus hijos en un profesional. Luz del Transito agradece la ayuda de los inversionista kiva a personas de escasos recursos y países pobre económicamente como es Nicaragua para tener un medio de vida digno.

Previous Loan Details

Luz del Transito sells clothes. She is an enterprising and determined woman who has two young children in her care. This business provides a needed source of income to support her family. Luz must wake up early every day in order to arrange the merchandise that she will offer to different cust... More from Luz Del Transito'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
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $25,075,600
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Luz Del Transito to buy trousers, skirts, blouses, undergarments, and T-shirts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 17, 2012
Oct 18, 2012
Currency Exchange Loss:
Oct 17, 2013