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Candida Rosa

Update on Candida Rosa

Cándida Rosa, age 40, has three children, ages 17, 21, and 23. They are grown, and the three of them work.

She is a very hard-working person who provides milling services. She has been devoted to this honorable work for over seven years. Cándida has been able to get her children ahead, and little by little her business has been improving.

For over a year she has wanted to make improvements to two rooms, but she has not done so for lack of available finances. The loan she is requesting is to repair and improve two rooms. It is to buy construction materials like zinc, rafters, doors, cement, flooring, and sand, among others. Her wish is to keep improving her house.
View original language description ↓
Cándida Rosa, 40 años de edad, acompañada con tres hijos de 17, 21 y 23 todos mayores de edad, los cuales los tres trabajan, ella es una persona muy trabajadora se dedica a brindar el servicio de molino lo cual tiene más de siete años que se dedica a esta honorable labor, Cándida ha podido sacar adelante a sus hijos y poco a poco ha ido mejorando su negocio desde hace más de un a querido realizar la mejoras dos cuartos pero no lo había realizado por falta de disponibilidad económica, El financiamiento que solicita es para la reparación y mejora de dos cuartos para la compra de materiales de construcción como: zin, alfajillas, puertas, cemento, piso, arena, entre otros, Su deseo es ir mejorando su vivienda.

Previous Loan Details

Candida Rosa is a very happy and hard-working person. She is 38 years old. She dedicates herself to providing a mill/grinding service, which she has been doing for more than 5 years. She started out in this business as a very important part of supporting her home, and her neighbors are the one... More from Candida Rosa'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $4,800
    Average annual income
  • 101
    View loans »
    Nicaragua Loans Fundraising
  • $24,738,450
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $850 helped Candida Rosa to finish two rooms.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 27, 2012
Listed
Jan 3, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014