Update on Blanca AdrianaBlanca Adriana is a single mother with three minor children. She is from the Cinandega municipality. She buys and sells general merchandise like cosmetics, shoes, shampoo, treatment creams, and household items. She also has a small bookstore where she sells products like notebooks, ink and graphite writing utensils, letter and legal sized bond paper, colored pencils, glue, flip chart sheets, and cardboard, among other things.
One of her dreams is to be able, in the near future, to strengthen her bookstore and sell other services related to this business. Therefore, the objective of this loan is to increase her inventory in both businesses. She will do this in order to take advantage of the sales during this Christmas season, which is when her customer demand increases. This way she will manage to offer her customers a variety of products.
Blanca Adriana is very happy with the Kiva lenders for the support that they offer people with scarce economic resources.
Previous Loan Details43 year old Blanca Adriana sells goods. She has had her business for more than 5 years. She began with her own funds as she had three young children in her care. She sells her goods door to door and from her home and her clients know the wide variety of products that she offers. She is requesting… More from Blanca Adriana'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