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Reyna Isabel

Update on Reyna Isabel

Reyna Isbel is 58 years old, married, and has for grown children. She is originally from one of the municipalities of Chinandega, which is located in northwest of the country. Reyna is a hardworking person, with a great desire to get ahead in her personal and work life. She sells cosmetic products and perfumes, which she does as a street seller and also from her house. With the loans she has obtained she has been able to grow her business. Now with winter coming up, she is requesting a loan to improve her house because it needs repairs to the roof and a part of the wall. The objective of the loan is to buy construction materials such as: cement, zinc roofing, c-beams, rebar, sand, nails, lime, and gravel, among other things. Reyna is grateful for the support that Kiva lenders provide to people of few resources so the can have dignified work.
View original language description ↓
Reyna Isabel 58 años de edad casada con cuatro hijos mayores de edad, originaria de unos de los municipios de Chinandega ubicado en al norte del occidente del país, Reyna se caracteriza por ser una mujer trabajadora, con ganas de superación personal y laboral, ella posee un negocio de venta de productos de cosméticos y de perfumes, actividad que la ejerce de forma ambulante y en su casa de habitación, con los prestamos obtenidos ha logrado incrementar mas su negocio, ahora con el invierno puesto en puerta, ella esta solicitando financiamiento para mejorar su vivienda ya que esta necesita reparación de techo y una parte de la pared, el objetivo del crédito es para la compra de materiales de construcción como: cemento, zinc, perlines, hierro, arena, clavos, cal, piedrín, entre otros. Reyna agradece el apoyo que los inversionistas Kivas brindan a las personas de bajos recursos económicos para tener un medio de trabajo digno

Previous Loan Details

Reyna Isabel is 57 years old, single and has 4 grown children. She has had her own business selling cosmetics for 14 years. Reyna started the business on her own initiative, with economic support from her husband who was earning a monthly salary. Reyna's personal and professional goal is to be able… More from Reyna Isabel'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $3,636
    Average annual income
  • 171
    View loans »
    Nicaragua Loans Fundraising
  • $23,206,425
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Reyna Isabel to buy construction materials such as: cement, zinc roofing, rebar, sand, nails, lime, and gravel, among other things.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2013
Listed
Jun 2, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014