Fatima Del Rosario
Update on Fatima Del RosarioFatima del Rosario is married and has a minor child in primary school, and the family lives in Chinandega. Fatima is a hard worker who has been able to improve her lifestyle and contribute to the household needs through her business. She sells pork on the weekends when she makes delicious nacatamales, pepena, cracklings and other pork products. During the week she sells vegetables and fruits as a street vendor throughout the neighboring villages. She has fixed and eventual customers who pay on a weekly credit basis.
She is requesting a loan to invest in her business and buy more pigs, fruits and vegetables to meets customer demand and increase her income. She is very grateful to Kiva lenders for giving her the opportunity of obtaining a loan with easy payment terms.
Previous Loan DetailsFátima del Rosario is a 52-year-old woman. She is the mother of an 11-year-old boy who is currently going to primary school. She butchers pigs to make different pig products such as fried pig and pepena. She sells different cuts of pork as well as fruits and vegetables. She makes these sales out ... More from Fatima Del Rosario'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