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Claudia Elena

Update on Claudia Elena

Claudia Elena is 34 years old, married, and lives in the town of Chinandega together with her two children. Her business is selling general merchandise. She has been in this business for six years. She makes her sales as an itinerant vendor and also sells from home. Claudia started this business so that she could help with her household expenses and provide for her children. She is currently requesting a loan to invest in merchandise so that she can meet her customers' demand. She will buy men's and women's dress pants, jeans, dress shirts, t-shirts, skirts, dresses, underwear, children's clothing, bedspreads, comforters, etc.
View original language description ↓
Claudia Elena de 34 años de edad, casado del municipio de Chinandega con dos hijos tiene por actividad económica la venta de mercadería en general, tiempo de tener el negocio 6 años, el cual lo tiene ubicado de forma ambulante y en el domicilio, Claudia inicio con esta herramienta de trabajo para poder ayudar con los gastos del hogar, y sacar adelante a sus hijos, en la actualidad Claudia está solicitando financiamiento para invertir en mercadería y satisfacer la demanda de sus cliente como: pantalones de vestir de hombre y mujer, jeans, camisas de vestir, camisetas, faldas, vestidos, ropa interior, ropa de niño, cobertores, edredones entre otros.

Previous Loan Details

Claudia Elena has a business selling general merchandise. The experience she’s gained in business over the last three years has been very reassuring. Most of her customers request quite a variety of products. Claudia has two children in her care. She has always been responsible for providin... More from Claudia Elena'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
  • 70
    View loans »
    Nicaragua Loans Fundraising
  • $25,759,425
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Claudia Elena to buy men's and women's dress pants, jeans, dress shirts, skirts, dresses, underwear, children's clothing, bedspreads, comforters, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 4, 2012
Jul 14, 2012
Currency Exchange Loss:
Aug 18, 2013