Silvia De Los Angeles
Update on Silvia De Los AngelesSilvia de los Ángeles is 51 years old and married with five children, one of whom still lives at home. She is from the town of Chinandega, in the western region of the country where the main industries are business and trade. Silvia owns two stalls in one of the local markets where she offers products such as clothing, shoes, shirts, blouses, etc. She started this business several years ago as a way to support herself and has gradually expanded it until she was able to open a second location. One of Silvia’s dreams is to improve her living conditions and to grow her business; that is why she is applying for a loan to invest in clothing in new styles and colors, with the goal of stimulating demand and increasing her profits. Silvia is very grateful for the support offered by Kiva investors to low-income people.
Previous Loan DetailsSilvia de los Ángeles is 50 years old, and has five children aged 31, 29, 25, 24, and 12, of which only the 12-year-old is under her care because he is younger and still in school. She comes from the department of Chinandega, located in the western part of Nicaragua. For the last 25 years her… More from Silvia De Los Angeles'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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