Update on Darling EliciaDarling Elicia is 29, married, and the mother of three school aged children. She lives in the Chinandega department located in the west of the country. She sells artisan crafts, wooden furniture, and silver. The artisan crafts are handmade products, made from different kinds of clay, wood, and metals. They are part of the Nicaraguan culture and part of Darling’s roots. She started her business ten years ago with her own savings that she managed to save up with a lot of effort over many years. She wanted to help her husband pay for the household expenses and provide a better future for her children. In addition, she sells food three or four times a week in the same facilities as her artisan shop.
Darling is requesting the loan to bolster her working capital and purchase traditional Nicaraguan products such as hammocks, wooden toys, wooden chairs, and rocking chairs with woven seats.
One of her dreams is to develop her children professionally. Darling is thankful for the help of the Kiva investors who support people with scarce resources in poor countries such as Nicaragua and allow them to have a means of dignified work.
Previous Loan DetailsDarling Elicia is 29 years old and has been in business selling wood crafts for five years. She has two children in her care and is a very hard worker, dedicated to her business. The entrepreneur is requesting a loan to buy raw materials for her business so she can get ahead and give her children… More from Darling Elicia'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