Update on Lesvia EsperanzaLesvia us 57 years old, is the mother of five children, and lives in the Department of Chinandega in the western part of the country. She is a hardworking, responsible woman who owns a business selling general merchandise and butchering pigs. She also sells food on the weekends. She makes very delicious nacatamales, a traditional dish in her region. She started this business 21 years ago to make ends meet as she was a single mother and had five children to feed. As an enterprising woman, she decided that in addition to making nacatamales and butchering pigs she would also sell slippers and clothing as a street vendor in order to make more money. One day she hopes to fix up her kitchen which is in need of repairs.
The goal of this loan is to invest in working capital and purchase a litter of pigs for growing and selling now that they are fetching a good price. Lesvia is grateful for the assistance that Kiva donors provide to persons of limited resources and impoverished countries such as Nicaragua. Thanks to these donors she has been able to grow her business and improve her quality of life.
Previous Loan DetailsLesvia Esperanza butchers pigs and sell merchandise in general. She has been doing this for more than 20 years. She started the business with her own funds that she had from savings as she needed to generate a family income. Most of her customers know her for thee delicious tamales she sells. Se ... More from Lesvia Esperanza'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