Update on Anda YolandaAnda Yolanda, 57, is single and mother of a 35-year-old son who is independent. She’s had a grocery store for years where she sells staple items like basic grains, snacks, cleaning supplies, frozen goods, cosmetics, etc. She set up the business at home using her own money, help from her son and much effort for improvement with the goal of having a new source of income. She’s currently adding such things as assorted clothes to her inventory.
She’s requesting financing in order to have larger working capital to offer a much larger variety of goods to her customers. Her goal is to have a stable business to be able to offer a better future to her grandchildren. Anda Yolanda is very grateful to lenders who have offered support so she can have a means of work that’s worthy of them.
Previous Loan DetailsAnda Yolanda is 56 years old and has her own small grocery store. She has a lot of experience managing her store and she has had previous loans. Thanks to the support that she has received, she has been able to keep her store profitable because she is constantly investing. With this financing ... More from Anda Yolanda'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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