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Lucrecia De Los Angeles

Update on Lucrecia De Los Angeles

Lucrecia is 50 years old and from Leon. She is a single mother of two adult children and is a hardworking, responsible woman with good customs and a desire to get ahead. She is originally from Leon, which is located in the western part of the country. [Lucrecia] sells second hand clothing and shoes. She’s been doing this from a special place in her home and needs this loan in order to stock her business by buying packs of good quality second hand clothing so that she can take advantage of the Christmas season. This is when her sales and incomes increase. The packs contain children’s clothing, t-shirts, pants, skirts, dresses, shirts, and pajamas. She appreciates the help the Kiva lenders give to those of limited resources in poor countries like Nicaragua, so that she can have sources of dignified work.
View original language description ↓
Lucrecia de 50 anos de edad de la localidad de León, madre soltera con dos hijos independientes. Lucrecia es una mujer trabajadora, responsable, de buenas costumbres, con ganas de superación personal. Ella es originaria de León, lugar que esta ubicado en la zona de occidente del país. Lucrecia tiene por actividad económica la venta de ropa usada y calzado de segunda mano. Ella tiene 4 anos de tener el negocio, y lo tiene ubicado en un lugar específico de la localidad. El financiamiento lo necesita para invertir en capital de trabajo y surtir su negocio en la compra de pacas de segunda mano de buena calidad y aprovechar la temporada navideña que cuando las ventas se incrementan y los ingresos también. Dentro de la paca existe ropa de niños como camisetas, pantalones, faldas, short, vestidos, camisas. Pijamas. Lucrecia 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

Lucrecia de los Ángeles is 49 years old. Her activity is selling used clothing. She has three years’ experience in this business despite it’s not being easy. She has a small store where she’s visited by friends, neighbors and relatives. She started it with efforts of her own and gradually has... More from Lucrecia 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
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,575,325
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Lucrecia De Los Angeles to buy packs of clothing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2012
Listed
Dec 11, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013
This photo was used before for a previous loan for Lucrecia De Los Angeles. It was first posted on Kiva on Aug, 2011. Learn More