Update on Alba LorenaAlba Lorena is 42 years old and from the town of El Sauce. She is married and has two children, ages 19 and 9, who are studying. Alba sells cattle and milk. Her business is located at her home where she has been in operation for the past 22 years. She learned this trade from her father and now her husband helps with moving the business forward so that they can live a decent life and help their children get ahead.
Alba Lorena’s routine consists of traveling to the surrounding communities three times a week to buy live cattle and to also make sales. She also sells milk from her home during the early morning hours. With her previous loans, Alba demonstrated responsibility by paying on time and according to the terms.
The loan she is requesting will be invested as operating capital so that she can buy cattle being offered at a good price. Alba Lorena is grateful for the assistance that Kiva lenders provide to small businesspeople from poor countries such as Nicaragua so that they can have a decent life.
Previous Loan DetailsAlba Lorena has four children in her care. With a lot of effort, this lady has managed to create her own way of earning a living. Her business is buying and selling cattle. She has had this business for more than 21 years. She is a very responsible person and is happy to talk to her customers... More from Alba Lorena'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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