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Rafaela Emilia

Update on Rafaela Emilia

Rafaela Emilia is 28 years old. She is a single mother to a 10-year-old son. She is from the municipality of Malpaisillo, located in the northern part of the country.
Rafaela's business is the selling of merchandise such as men's and children's clothing, trousers, skirts, dresses, blouses, underwear and shoes.
The business is a street trade that originated with the goal of having an income source to help with the household expenses.
The aim of this loan is to invest in working capital and supply her business with shirts, skirts, dresses, underwear and trousers. Rafaela Emilia is grateful for the help Kiva lenders provide to low income people from poor countries such as Nicaragua that allows them to get a decent work.
View original language description ↓
Rafaela Emilia de 28 anos de edad, madre soltera con un hijo de 10 anos de edad. Del municipio de Malpaisillo. Lugar que esta ubicado en la zona norte del país. Rafaela tiene por actividad económica la venta de mercadería en general que consisten en la venta de ropa, de hombre, de niño, pantalones, faldas, vestidos, blusas, ropa interior, zapatos. El negocio lo tiene ubicado de forma ambulante y surgió con el objetivo de tener una fuente de ingreso para ayudar con los gastos del hogar. El objetivo del préstamo es para invertir en capital de trabajo y surtir su negocio en la compra y venta de productos como camisas, faldas, vestidos, ropa interior, pantalones. Rafaela Emilia agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

Rafaela is an enterprising woman who has been provided with funding support to invest in the business of butchering pigs. She tells us that, with the funding, sales have increased and so has the number of regular and occasional customers who visit her. At this time, she is requesting the loan t... More from Rafaela Emilia'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
  • 97
    View loans »
    Nicaragua Loans Fundraising
  • $24,749,225
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Rafaela Emilia to invest in her clothing business and supply it with merchandise such as trousers, skirts, dresses, underwear, blouses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2012
Listed
Nov 28, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Rafaela Emilia. It was first posted on Kiva on Jan, 2012. Learn More