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Lorena Cleotilde

Update on Lorena Cleotilde

Lorena Cleotilde is 46 years old. She is married and has four children, aged 21, 24, 25 and 27 years old. All of them work except for one who is disabled. She has a store located in her home as well as an ENABAS locale [National Business of Basic Food] which also brings in income that she can invest into her store. Lorena has several years' experience and she knows what her customers need. She has made her business get ahead little by little with a lot of hard work. Lorena is asking for her business to buy snacks, basic grains, and other products that are the most in demand. She is very grateful to the investors that have offered there support to have a way to have dignified work.
View original language description ↓
Lorena Cleotilde tiene 46 años de edad, casada con cuatro hijos de 21, 24,25 y 27 años de edad todos ellos trabajan excepto uno que es discapacitado, ella tiene una pulpería ubicada en su domicilio al igual ella tiene un puesto de enabas al igual que le deja ingresos donde puede invertir más en su pulpería, Lorena tiene varios años de experiencia y sabe las necesidades de sus clientes. Negocio que poco a poco y con mucho esfuerzo ha logrado salir adelante. Lorena está solicitando financiamiento para el negocio para la compra de golosinas, granos básicos entre otros productos que más demandan, ella está muy agradecida con los inversionistas que le han bridando apoyo para tener un medio de trabajo digno de ellos.

Previous Loan Details

Lorena Cleotilde, 45, runs a grocery store that she has several years’ experience in and knows what her customers need. When she started the business she didn’t know anything about it but with much effort and dedication she’s caused it to move ahead. Lorena is asking for financing for the busin... More from Lorena Cleotilde'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 Nicaragua

  • $4,800
    Average annual income
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $25,083,125
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Lorena Cleotilde to buy and sell edible products such as rice, beans, bread, milk, salt, boxes of matches, cigarettes, juices, sodas, snacks, and ice cream products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 18, 2013
Jan 28, 2013
Currency Exchange Loss:
Dec 17, 2013