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Veronica De Los Angeles

Update on Veronica De Los Angeles

Verónica is 38 years old, married, and has four minor children, ages 13, 10, 8 and 3, who are all in school. She is from the town of Malpaisillo, located in the western part of the country. Her work is renting Nintendo games and preparing Nicaraguan fast food.

The business came about because of her need to have a source of work and help with the household expenses. Veronica has shown herself to be responsible, by paying back the previous loans in a timely manner.

She needs loan in order to have working capital and to maintain her equipment. Veronica is thankful for the help that the Kiva investors offer to low-income people and to poor countries such as Nicaragua, so that people can have decent livelihoods.
View original language description ↓
Verónica de 38 anos de edad, casada con cuatro hijos menores de edad de 13, 10, 8, 3, anos todos está estudiando. Ella es originaria del municipio de Malpaisillo, lugar que esta ubicado en la zona de occidente del país. Ella tiene por actividad económica nintendo y fritanga. El negocio surgió por la necesidad de tener una fuente de trabajo y ayudar con los gastos del hogar. Verónica ha demostrado su responsabilidad de pago en tiempo y forma en los créditos anteriores. El financiamiento lo necesita para invertir en capital de trabajo y darles mantenimiento a los equipos. Verónica agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener fuentes de trabajo digna.

Previous Loan Details

Verónica De Los Ángeles is 37 years old. Her business activity is providing a video game service. She has been in her business for more than six years and this is not the first time that she has requested a loan. She feels very happy that she is able to improve her business every day and, at t... More from Veronica De Los Angeles'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
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $24,546,650
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $700 helped Veronica De Los Angeles to have working capital and maintain her equipment.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 7, 2012
Listed
Nov 28, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014
This photo was used before for a previous loan for Veronica De Los Angeles. It was first posted on Kiva on May, 2011. Learn More