Update on Rosa AmeliaRosa Amelia is 49 years old. She is married but does not have any children. She lives in the department of Chinandega, which is located in the western part of the country. She runs her own business, which consists of a small grocery store and tortilla-making workshop, which she has run from her home for 26 years. She started the business with her own small savings in order to have a decent source of work and to help with the household expenses.
Rosa has already worked with Fundación and has shown responsibility in paying on time and in form. She will use this loan to invest in working capital and to stock her business by buying the materials to prepare her tortillas, such as corn, lime, firewood and plastic bags. Rosa is thankful for the help Kiva lenders provide to low income families and poor countries such as Nicaragua so that they too can have decent work.
Previous Loan DetailsRosa Amelia is an entrepreneur who has worked hard to advance with her business. She is already a client of Fundación León 2000. This is not the first time she has applied for financing, since she has had various loan cycles in which she has demonstrated that she is a responsible person and has an… More from Rosa Amelia'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