Update on Anita GuillerminaAnita Guillermina is originally from the municipality of Chinandega in the west of Nicaragaua. She is a hard-working and responsible woman with a desire to get ahead. Unfortunately, for financial reasons, Anita was unable to finish her education as she had to help with the household costs. Previously Anita worked selling scrap metal but, with a new loan, she has decided to start a grocery store in her home where she will sell small quantities of household goods such as sachets of coffee and shampoo, tomato sauce, oil, rice, beans, juices, bread, eggs, salt, sugar, milk, frozen products and more. Anita's day starts very early when she opens her grocery store to tend to her customers. This loan will be used to invest in working capital and stock up her business with consumable goods such as rice, sugar, beans, oil, detergents, sweets, toilet paper, frozen goods, and more. Anita is grateful for the help Kiva lenders provide to poor people in order for them to have a decent job and to poor countries such as Nicaragua.
Previous Loan DetailsAnita Guillermina is a 69-year-old woman who is married. She is an entrepreneur who has a business selling scrap metal. Anita started this business 18 years ago with a little bit of her own money and the support of her husband. She confronts many challenges in her family business, such as heal... More from Anita Guillermina'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