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Rosalina Alejandra

Update on Rosalina Alejandra

Rosalina, 55, is a single mother of five children, who are independent, in the city of León. León is in the west of the country. Rosalind sells flip-flops for women, children and men, and shoes made of fabric. She’s been running this business for 19 years. The idea for this business came about as a result of needing a source of income to help out with expenses at home. Rosalind has shown herself to be responsible in repaying previous loans. The objective of this loan is to invest in business capital and stock her business with flip-flops for women, children and men, and shoes made of fabric. Rosalind is grateful for the help Kiva investors offer those of few resources -- and poor countries like Nicaragua -- so that they can have a dignified work environment.
View original language description ↓
Rosalina de 55 anos de edad, madre soltera con cinco hijos mayores de edad de la localidad de León, Lugar que esta ubicado en la zona de occidente del país. La actividad económica de Rosalina es la venta de chinelas para mujer, niños, hombres y zapatos de tela, desde hace 19 anos que desempeña dicha actividad. el negocio surgió por la necesidad de tener una fuente de trabajo para ayudar con los gastos del hogar. Rosalina ha demostrado su responsabilidad a de pago en los créditos anteriores. El objetivo del crédito es para invertir en capital de trabajo y surtir su negocio en la compra y venta de chinelas de varon, chinela de ninos, de mujer, zapatos de tela.Rosalina 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

Rosalina Alejandra is an entrepreneur who has been successful. Her business is selling general merchandise. This is not the first time that Rosalina has received a loan from Fundación León 2000. She tells us that, thanks to the support she has received, she has increased her stock and is able ... More from Rosalina Alejandra'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

  • $3,636
    Average annual income
  • 133
    View loans »
    Nicaragua Loans Fundraising
  • $24,060,850
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Rosalina Alejandra invest in business capital and stock her business with flip-flops for men, children and women, and shoes made of fabric.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2012
Listed
Nov 28, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013
This photo was used before for a previous loan for Rosalina Alejandra. It was first posted on Kiva on Dec, 2011. Learn More