Update on Reina IsabelReina Isabel, 54, is married, has two grown children, and lives in Chinandega. Reina is hardworking, responsible, and enterprising. She has had to work from an early age to feed her household. Sadly, she lacked money to go to college. Thanks to her entrepreneurial spirit and desire to get ahead, she offers daily services to her community with the electric mill she has in her house. The locals make delicious tortillas, pozoles (traditional soup), tistes (corn and cocoa drink), and more. She also owns a truck and offers transport service to staff at an engineering company.
The loan will be used to do maintenance on her truck, her mill, and the mill's motor so that she can increase her income soon. Reina thanks the Kiva lenders who offer low-income people in poor countries like Nicaragua a means to decent work.
Previous Loan DetailsSeñora Reyna Isabel,is 53 years old. She is married and has 2 adult children. She has been milling in her house for the last 6 years. She wants to make some home improvements such as to the roof which is in a bad condition and lets in the rain when she attends to her clients so that they get wet ... More from Reina Isabel'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