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Norma Isabel

Update on Norma Isabel

Norma Isabel is 35 years old. She sells cosmetics and has earned her living in this manner for more than 11 years. One of her greatest challenges is having the time to provide what her child needs and still have time to devote to her business.

This loan will be used to buy lip pencils, crèmes, shampoo, treatments, nail polish, and other products. She needs to increase her capital, so obtaining this loan will help her buy merchandise.

View original language description ↓
Norma Isabel tiene 35 años, ella se dedica a la venta de cosméticos desde hace más de 11 años que tiene este medio de vida, uno de sus mayores desafíos ha sido el tiempo pues tiene que brindarle a su hijo lo necesario y dedicarle tiempo a su negocio. El motivo del crédito es para la compra de lápiz labial, cremas, shampoo, tratamientos, pintura de uñas entre otros. Ella necesita incrementar su capital y la forma de realizarlo es obteniendo este financiamiento para la compra de materia prima.

Previous Loan Details

Norma Isabel is 35 years old, she is married and she has 2 young children in her care. She dedicates her time to the buying and selling of cosmetics. She started this business 10 years ago. She requests a loan of Fundacion Leon 2000 to invest in the purchase of Avon brand products. She has a larg... More from Norma Isabel'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.

About Nicaragua

  • $4,800
    Average annual income
  • 62
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Norma Isabel to buy lip pencils, crèmes, shampoo, treatments, nail polish, and other products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 19, 2011
Nov 4, 2011
Currency Exchange Loss:
Nov 15, 2012