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Update on Norely

Norely is a single woman and is 28 years old. She has had her business for 4 years, which is the sale of mattresses for different sizes of beds: fulls, singles, cradle-size, etc. This entrepreneur has demonstrated that she is a responsible, hard-working person with a desire to overcome, which has permitted her to fulfill her dream to have the tools of her trade. Thanks to the support the Fundación León 2000 has offered with the loan, she wants this to buy more mattresses for sale now that the demand and her customers have increased.
View original language description ↓
Norely es una mujer soltera de veintiocho años de edad tiene su negocio desde hace cuatro años como es la venta de colchones para camas de diferentes tamaños: matrimoniales, unipersonales, de cunas etc, esta emprendedora ha demostrado ser una persona responsable, trabajadora, con ganas de superación lo cual le ha permito cumplir su sueño como es tener una herramienta de trabajo gracias al apoyo de fundación león 2000 le ha brindado con el financiamiento, este lo quiere para comprar más colchones para la venta ya que su demanda y su clientela ha crecido.

Previous Loan Details

Norely, 27, lives in the San Agustin neighborhood. She has always worked hard. She starts work at 6 in the morning, every day, and works until 7 in the evening. She sometimes has problems with the business, but she's managed to stay enthusiastic, always smiling and working hard to provide her ... More from Norely'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
  • 71
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Norely to buy full, single, cradle-size mattresses, etc.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Mar 27, 2012
May 8, 2012
Currency Exchange Loss:
Dec 15, 2012
This photo was used before for a previous loan for Norely. It was first posted on Kiva on Mar, 2011. Learn More