Update on Lesbia LucreciaLesbia Lucrecia, 53, is married with three children, one of whom is still studying and under her care. She is originally from León, which is located in the western part of the country. Lucrecia is characterized as a hardworking and responsible person who is eager to grow as a person. She likes to spend her free time with her family and prepare typical dishes from the region for them, such as "nacatameles" (traditional Nicaraguan tamales). Unfortunately, due to a lack of resources, she was unable to study a degree. She had to begin working from an early age to help with the household expenses, which is why she fights every day to offer her children a better future.
Thanks to her enterprising spirit and her desire to succeed, she has a business selling auto lubricant, oil, and grease. She runs this business from her home. She works for eight hours daily, happily offering her products. The goal of this loan is to invest in working capital and stock her auto lubricant business, so that she can have better earnings in the near future. Lesbia Lucrecia is grateful to the help which Kiva lenders offer to people with limited resources in poor countries such as Nicaragua, so that they can have a decent livelihood.
Gracia a su espíritu emprendedor y sus ganas de salir adelante tiene por actividad económica la venta de lubricante y aceite grasas lubricantes para vehículos, el negocio lo tiene en su casa de habitación, ella dedica a su actividad unas 8 horas diarias ofreciendo sus productos. Actividad que la desempeña con mucho gusto. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de lubricantes para vehículos, para que en un futuro no muy lejano pueda obtener mejores ingresos. Lesbia Lucrecia agradece la ayuda que los inversionistas kiva le bridan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.
Previous Loan DetailsLesbia Lucrecia works selling general merchandise, and has had her business for over seven years. It originated because she needed a means to work so that she could help cover expenses in her household. She has always been a responsible person and has got ahead through these financings. The loan ... More from Lesbia Lucrecia'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