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Vidaldina

Update on Vidaldina

Vidaldina is 45 years old, married, and has three high-school aged children. She lives in one of the towns of Chinandega. Vidaldina is a responsible and honest woman. She has already received 11 loans with Fundación León, which have helped her grinding business. She also has a small store and, recently, demand has increased as she's gained new customers. Vidaldina always tries to keep her store stocked with products her customers need.

Currently, she is requesting a loan in order to buy more merchandise to stock her store for her customers who require dairy products, and basic ingredients such as rice, sugar, corn, beans and other items. She also needs to have some maintenance work done on her grinder so that she is able to provide better service to her customers.

Vidaldina is very grateful to Kiva lenders for the opportunity they have provided to those with scarce resources.
View original language description ↓
Vidaldina a sus 45 años de edad casada con tres hijos, todos estudian en secundaria, originaria de unos de los municipios de Chinandega, es una mujer responsable, honesta, que ha ido creciendo poco a poco ella ha tiene ya 11 préstamos con fundación con los cuales ha realizado otro negocio que es el de brindar el servicio de molino, también aún sigue su negocio de pulpería donde ha incrementado su demanda al igual que sus clientes, por lo que ella siempre tiene producto para sus clientes cuando ellos necesitan. Actualmente Vidaldina está solicitando financiamiento para comprar más mercadería y abastecer a sus clientes lo cual comprar productos lácteos, granos básicos, como arroz, azúcar, maíz, frijoles, entre otros también para dar mantenimiento a su molino y asi brindarles un mejor servicios a sus clientes, ella está muy agradecida con los inversionistas Kiva por la oportunidad que ellos les brindan a personas de bajos recursos económicos.-

Previous Loan Details

Vidaldina is an enterprising woman who, with great effort, has started her business. She has struggled to get ahead. This entrepreneur has been working with Fundción León 2000. With the loan that she was granted she tells us that she has increased her merchandise and her customers. This is be... More from Vidaldina'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
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,832,275
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Vidaldina to do maintenance on her grinder as well as to buy table cloths and basic ingredients, diary products, and other items.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2013
Listed
Mar 30, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013