Update on Blanca NidiaBlanca is 46 years old, has no children, and is from Sauce, an area located in the northern part of the country. She is known for being hardworking, responsible, and with a desire for personal success.
Unfortunately she was not able to study for a career due to lack of resources and she had to go to work at an early age.
Thanks to her efforts and desire to get ahead, she has a small grocery store where she sells foodstuffs, such as rice, beans, sugar, cooking oil, juices, soft drinks, eggs, and detergents. She works 10 hours a day out of her home, with a 20 kg bundle, which she does with lots of enjoyment, since this is how she earns a living. She will use the money from this loan to stock her store with foodstuff so that she can have a better income in the near future. Blanca is grateful to the Kiva lenders who provide persons of limited resources in poor countries such as Nicaragua with a dignified source of work.
Gracias a su esfuerzo y sus ganas de salir adelante tiene por actividad económica una pulperia es una pequena tienda que vende productos comestibles en cantidades pequenas como arroz, frijoles, azucar, aceite,jugos, gaseosas,huevos, detergeente. Ella dedica a su negocio unas 10 horas diarias ofreciendo su producto en su casa de habitacion con un bulto de unos 20 kg, actividad que la desempeña con mucho gusto ya que es su forma de vida. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio con la compra y venta de productos comestibles para que en un futuro no muy lejano pueda obtener mejores ingresos. Blanca 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 DetailsBlanca Nidia is an entrepreneur that has given her daughters a good start in life. Her greatest dream is for her daughters to complete their studies and to see her business overflowing with products to offer to her customers. Blanca has already worked with Fundación León 2000 to invest in her gen... More from Blanca Nidia'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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