Update on Gloria IsabelGloria Isabel is 43 years old. She is married and has two children, ages 15 and 10, who are in school. She is originally from the department of León, a place that is located in the western zone of the country. Gloria has 16 years of experience in her business, which is at a fixed location in the district. Gloria is a very responsible and hard-working woman. With a good payment history for her previous loans, she has shown responsibility in making her payments in full and on time. She needs financing to invest in working capital and stock her business of buying and selling clothing with items such as pants, blouses, dresses, shorts, underwear, sandals, sport shoes, tennis shoes, and flip-flops. Gloria's daily routine is to work some 10 hours a day to be able to obtain and increase her clientele and her income, because it is the way she is able to maintain her family. Gloria Isabel is grateful for the help that the Kiva investors offer to her and to people of scarce resources in poor countries such as Nicaragua so that they can have a means of dignified work.
Previous Loan DetailsGloria Isabel is 41 years old. She sells general merchandise. She is a very enterprising person and her desire to get ahead has helped her with this business. She started it because she needed to meet her household expenses. The purpose of this loan is to buy footwear, perfume, creams, treatments,… More from Gloria Isabel'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
- Repayment Term
- 21 months (Additional Information)
- Repayment Schedule
- Nov 30, 2012
- Dec 11, 2012
- Currency Exchange Loss:
- Apr 16, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.