Update on Nora YamileeNora Yamilee is 40 years old, married, and has a daughter aged 12, who is just beginning high school.
Nora owns a grocery store located in her home, where she sells basic cereals, frozen goods, popular medicine, sweets, soap, and washing up liquid amongst other basic household products. She also sells various clothing and cosmetics door-to-door to workplaces in her community.
She set up this business twelve years ago with her own funds. Since the beginning, her aim has been to expand it. She will invest the loan in different products to satisfy her customers and increase her earnings, so she can give her daughter a better future.
Nora is grateful for the support offered to her by Kiva lenders, helping her to improve her quality of life little by little.
Previous Loan DetailsNora works hard every day in her grocery store. She’s been in business more than seven years. Her effort to support her two children has been very admirable. She sells her products at affordable prices. What she offers her customers is basic grains, noodles, cream, soft-drinks, bread, snack... More from Nora Yamilee'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