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Lucia Erlinda

Update on Lucia Erlinda

57-year-old Lucia Erlinda, a single woman with four children, is economically active in general merchandise sales with more than thirty years of managing this business, in which time she has managed to further expand the variety of merchandise. Her purchases are made in the eastern market of Managua, her sales are credit and cash as a street vendor and at home with permanent and temporary customers. Lucia is very grateful to the investors for the opportunity that they have given her to acquire this funding, as she has achieved a better standard of living and can go on with her family.
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Lucia Erlinda, de 57 años de edad, soltera con cuatro hijos, posee una actividad económica de venta de mercaderia en general con mas de treinta años de administrar este negocio, tiempo en que ha logrado expandir mas en variedad de mercaderia, sus compras las realiza en el mercado oriental de Managua, sus ventas son al crédito y al contado de manera ambulante y en casa a clientes fijos y eventuales. Lucia esta muy agradecida con los inversionistas por la oportunidad que le han brindado en adquirir este financiamiento, ya que ha logrado tener un mejor nivel de vida y salir adelante con su familia.

Previous Loan Details

Lucia Erlina, 56, is single and has four children. She earns a living selling general goods and has over 30 years experience. She started the business because she needed to earn more income for the household because her husband did not earn enough. Together they decided to sell clothing and, t... More from Lucia Erlinda's previous loan »

Additional Information

Fundación Leon 2000

This 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.

Tags

About Nicaragua

  • $4,800
    Average annual income
  • 95
    View loans »
    Nicaragua Loans Fundraising
  • $24,749,225
    Funds lent in using Kiva
  • 25.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Lucia Erlinda buy clothing, shoes, cosmetics, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2013
Listed
Jan 18, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014