Update on Blanca YadiraBlanca Yadira is married and has two children (minors). She is from a municipality in Chinandega, located in the western part of the country. She runs a general merchandise business, buying and selling adult and children's clothing, cosmetics, gold articles, footwear, and trinkets. She sells her products for cash or credit, to permanent and temporary clients, both at markets and at home. One of her dreams is for her children to become professionals, an opportunity she never had herself since she had to work from an early age in order to contribute to the income of the household.
This is not the first time Blanca asks for a loan and thanks to previous support she has been able to increase her business, offer a wider range of products, and better serve the needs of her clients. The purpose of this loan is to increase her inventory, as she has several orders from her clients that she needs to deliver. Therefore she is again applying for a loan in order to buy more adult and children’s clothing, cosmetics, and other consumer goods. Blanca is very grateful to the Kiva lenders for offering their support to people with scarce economic resources.
Previous Loan DetailsBlanca Yadira is a businesswoman who has been fortunate enough to receive financing to increase her investment to sell general merchandise and who can therefore offer her clients a wide range of products. Her business arose out of her need to help with the household expenses and to give her fami... More from Blanca Yadira'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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