Update on Robertha LissethRobertha is 34 years old, is married, and has two children who are 9 and 16 years old. She is from Chinandega, which is located on the western side of the country. Chinandega is known for being a commercially productive area.
Robertha is a hard-working, responsible woman with a desire to improve her situation. Her business is the sale of general merchandise, which consists of the purchase and sale of goods such as shirts, pants, shorts, blouses, skirts, t-shirts, dresses, bedding, perfumes, and cosmetics, which she distributes on rounds. Robertha's daily routine consists of working 10 hours a day, carrying a 20-kg bundle in which she has her merchandise to offer to both regular and occasional customers.
The objective of the loan is to invest in working capital and supply her business in the buying and selling of merchandise and take advantage of sales to women during the Christmas season. Robertha appreciates the help that the Kiva investors give to people with scarce resources, and to poor countries such as Nicaragua, to help them have a dignified way to make a living.
Previous Loan DetailsRoberta Lisseth has operated a general retail business for more than 15 years. Her customers want a variety of products so she has to work hard to stock the kinds of merchandise they want. She starts getting ready each day at 7:00am and works until 9:00pm when she can finally go home. The… More from Robertha Lisseth'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.
165View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Nov 19, 2012
- Dec 26, 2012
- Currency Exchange Loss:
- Dec 17, 2013
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.