Update on Lesbia MariaLesbia María is 60 years old, single, originally from Nagarote, a place that is located in the western part of the country. Nagarote is known for its traditional food such as curd cheese and tiste (a beverage made from roasted corn, cocoa, annatto fruit, and sugar.) Lesbia is known to be a person with a great sense of responsibility, which has been demonstrated in her previous loans.
Thanks to her desire to succeed she has as an economic activity a pulpería located at home. A pulpería is a small store that sells household products in small quantities such as shampoo, coffee packets, sauce packets, rice, beans, toilet paper and toothpaste.
She has been in business for 32 years. Her work schedule includes about 12 hours daily offering her products. The reason for a loan is to invest in working capital to supply her pulpería with household goods, so that in the not too distant future she can obtain higher earnings.
Lesbia María is grateful for the help that the Kiva loaners give to people with limited resources and poor countries such as Nicaragua providing the means to dignified work.
Gracias a su espíritu de superación tiene por actividad económica una pulpería ubicada en su casa habitación. Una pulpería es una pequeña tienda que vende productos comestible en cantidades pequeñas como sobre de shapoo, sobre de café, sobre de salsa, arroz, frijoles, papel higiénico, pasta dental. Tiene 32 años en el negocio. La rutina de trabajo de Lesbia es trabajar unas 12 horas ofreciendo sus productos. El objetivo del crédito es invertir en capital de trabajo y surtir su pulpería con productos comestible, para que un futuro no muy lejano pueda obtener mejores ingresos. Lesbia María agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.
Previous Loan DetailsLesbia Maria is 59 years old, she has a small grocery store located in her home, and she takes care of her customers by offering them a variety of products for the home. She began working by her need to have income for her family and to get ahead in life. Lesbia Maria will use the loan money to i... More from Lesbia Maria'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