Update on Paulita IsidraPaulita Isidra is older and has five grown children. She's from one of the municipalities of Chinandega, located in the western part of the country. It's predominated by businesses, fish, and its beautiful beaches. Paulita Isidra is a micro businesswoman who owns a grocery where she sells home consumables like rice, beans, sugar, frozen goods, detergents, milk, shampoo, soft drinks, candy, toilet paper, Maggi-brand soups, cosmetics, underclothing, children's outfits, blouses, etc. She sells for cash, the same way she buys from various distributors that visit her store. She's had the store for a number of years.
Paulita Isidra starts her work day very early and quits pretty late so she can provide better service to her clients. She's known for being a very hardworking woman who is responsible with her payments. She plans to use this loan to invest in working capital to stock up her store with consumable products to serve her clientele better. She is very happy with the support offered by Kiva lenders to those with few financial resources.
Previous Loan DetailsPaulita Isidra is 67 years old. She is a single mother with 5 children who are grown up and independent. She is from the Chinandega region, which is in the west of the country. Paulita operates a grocery store, located in her home. She sells everyday items in small quantities, including coffee… More from Paulita Isidra'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