Update on Georgina AncelmaGeorgina is 58, married and has adult children. She comes from Leon, which is in the west of the country. She is responsible, hard-working and has a desire to improve herself. In her free time she likes to enjoy the company of her children. Unfortunately, she was not able to study for a degree because of lack of funds, and so she had to work from a young age to help out with the household's costs. Thanks to her effort and her desire to get on in life, she works at making slabs and cement tombstones for cemetery graves. She works 10 hours a day in her business.
The reason for asking for the loan is to use the money for work materials for graves such as cement, lime, iron, sand and paint. She would like to increase her income in the near future. Georgina is grateful for the support given by Kiva lenders to allow people of few economic resources in poor countries such as Nicaragua to have a dignified means of work.
Gracia a su esfuerzo y sus ganas de salir adelante tiene por actividad económica la elaboración de planchas y losetas de cemento para los fosas en los cementerios. Ella dedica a su negocio unas 10 horas diarias ofreciendo sus servicios. El objetivo del crédito es invertir en capital de trabajo para la elaboración de las fosas como cemento, cal, hierro, arena, pintura. Para que en un futuro no muy lejano pueda obtener mejores ingresos. Ancelma agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.
Previous Loan DetailsGeorgina is 57 years old, married and has grown-up children. She is a native of Leon, which is located in the western part of Nicaragua. She is known for being a hardworking, responsible woman, and has demonstrated that in her previous loans. Sadly, Georgina wasn't able to study for a college deg... More from Georgina Ancelma'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