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Adelayda

Update on Adelayda

Adelayda, 41, is married with two children, one of whom is still studying and is under her responsibility. She is originally from a municipality in the north of Chinandega, which is located in the western part of the country. This region is very fertile, and its main industries are livestock, agriculture, gold mines, and commerce, among others.

Adelayda is a responsible and hardworking woman with a desire to continue improving. Unfortunately, due to a lack of financial resources, she could not study. She is from a very poor family, and she was only able to learn to read. From an early age, she had to work to help with the home expenses because she had younger brothers. She fights every day to succeed and give a better future to her daughter who is under her responsibility.

Adelayda owns a small grocery store where she sells all types of daily consumer goods, such as basic grains, candy, oil, rice, sugar, beans, bread, milk, frozen products, eggs, salt, detergent, and tomato sauce. She opens her business in the early morning and closes quite late at night to offer a better service to her clients. She opened this business 18 years ago with her own savings. One of her dreams is to see her daughter finish her studies, so that she can become a professional. She would also like her business to grow a bit more.

She has applied for a loan to invest in working capital and stock her business by buying consumer goods such as basic grains, frozen products, and candy, among others. Adelayda is very grateful to the Kiva lenders for the help which they offer to people with limited resources so that they can have a decent livelihood.
View original language description ↓
Adelayda 41 año de edad casada con dos hijos una aun estudiando y está bajo su cargo, ella es originaria de un municipio del Norte de Chinandega ubicado en el occidente del país, zona que es muy productiva donde predomina varios tipos de negocios como la ganadería, agricultura, minas de oro, comercios, entre otros, Adelayda se caracteriza por ser una mujer responsable, trabajadora con muchas ganas de superación personal. Lamentablemente por falta de recursos económicos no puedo cursar sus estudios debido a que ella viene de una familia muy pobre lo único que pudo aprender es a leer, ella desde temprana edad tuvo que trabajar para ayudar con los gastos del hogar porque tenía hermanos más pequeños que ella, ella lucha día a día para salir adelante y brindarle un mejor futuro a su hija que tiene a cargo. Adelayda es propietaria de una pulpería en donde se vende todo tipo de producto de consumo diario como granos básicos, golosinas, aceite , arroz, azúcar, frijoles, pan, leche, productos congelados, huevos, sal, detergentes, salsas de tomates, ella desde muy temprano abre su negocio y cierra bien tarde para brindarles un mejor servicios a sus clientes, negocio que tiene ya 18 años de tener esta pulpería que inicia con sus ahorros, uno de sus sueños es ver terminar los estudios de su hija hasta ser una profesional y que su negocio crezca un poco más ella está solicitando financiamiento para invertir en capital de trabajo y surtir su negocio en la compra y venta de productos comestibles como: granos básicos, productos congelados, golosinas entre otros. Adelayda está muy agradecida con los inversionistas Kiva por la ayuda que ellos les brindan a personas de escasos recursos económicos para tener un medio de trabajo digno.

Previous Loan Details

39 year old Adelayda lives in the town of Somotillo. She has a general store there. Her entrepreneurial idea arose when she decided to invest some savings that she had into this business. Her business has gradually grown until it has become the income source that her family uses to cover their da... More from Adelayda'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

  • $3,636
    Average annual income
  • 62
    View loans »
    Nicaragua Loans Fundraising
  • $23,476,050
    Funds lent in using Kiva
  • 24.6
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped Adelayda to invest in working capital and stock her grocery store by buying basic grains, frozen products, candy, and vegetables, among others.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2013
Listed
May 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014