Update on Candida RosaCándida Rosa, 65, is a single mother with a son, 20, who's independent. She's a hardworking and responsible woman who wants to improve herself. She has had to work to earn a daily living since she was very young. She's from the department of Chinandega, located in the western part of the country.
Cándida's job is a bookstore located in her home. She has worked in this business for 20 years. Her routine is to work some 10 hours a day, selling her bookstore products to her customers.
The goal of the loan is to invest in working capital and stock her bookstore, to take advantage of the current sales, with classes starting for the country's children and young people. With the loan she'll buy bookstore products such as notebooks, pencils, markers, highlighters, rulers, erasers, colored pencils, glue, and glossy paper.
Cándida Rosa is grateful for the help that Kiva lenders give to low-income people and poor countries so they have a means to a decent job.
Previous Loan DetailsCándida Rosa is an entrepreneur that sells supplies out of her home to customers that come looking for items to buy. She has worked with Fundación León 2000 before, having received a prior loan to stock her store. Now she seeks credit to buy materials for her business such as folders, pencils,… More from Candida Rosa'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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