Update on Meylin AuxiliadoraMeylin is forty-five years old, is married, and has three children. She is from Chinandega, an area located in the Western part of the country. Chinandega is characterized as being a commercial and very productive place with hard-working and kind people. Meylin has a bar and restaurant located in her home. She has been dedicated to this activity for the past sixteen years.
Meylin is characterized as being a fighting and well-mannered woman, with hopes of personal improvement. The financing she is requesting is to improve her business by changing the kitchen and buying new chairs, all with the objective of offering better service to her customers. With the financing she will buy construction materials, like sand, corrugated tin roofing, cement, purlins, and paint.
Meylin is thankful for the help that the Kiva investors have offered to her and to other people with scarce resources in poor countries like Nicaragua so that they can have a decent means of work.
Previous Loan DetailsMeylin Auxiliadora, 41, has an eatery/bar. She’s been in business for over 17 years. She is a very enterprising woman who enjoys this way of life. She has three children that she supported thanks to the great effort she put into work. Despite its being a very humble activity it has provided ... More from Meylin Auxiliadora'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