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Alba Lorena

Update on Alba Lorena

Alba Lorena is 42 years old and from the town of El Sauce. She is married and has two children, ages 19 and 9, who are studying. Alba sells cattle and milk. Her business is located at her home where she has been in operation for the past 22 years. She learned this trade from her father and now her husband helps with moving the business forward so that they can live a decent life and help their children get ahead.

Alba Lorena’s routine consists of traveling to the surrounding communities three times a week to buy live cattle and to also make sales. She also sells milk from her home during the early morning hours. With her previous loans, Alba demonstrated responsibility by paying on time and according to the terms.

The loan she is requesting will be invested as operating capital so that she can buy cattle being offered at a good price. Alba Lorena is grateful for the assistance that Kiva lenders provide to small businesspeople from poor countries such as Nicaragua so that they can have a decent life.

View original language description ↓
Alba Lorena de 42 anos de edad, del municipio del Sauce, casado con dos hijos de 19, 9 anos de edad los dos está estudiando. Alba tiene por actividad económica la venta de ganado y leche, negocio que lo tiene ubicado en su casa de habitación desde hace 22 anos que se desempeña en dicha actividad. El negocio lo aprendió de su papa, y con ayuda del esposo es que pudo salir adelante, para tener un medio de vida digno para sacar adelante a sus hijos. La rutina de Alba Lorena es salir 3 tres veces por semana a las comunidades aledañas a buscar ganado en pie para la compra y venta del mismo. Y también vender leche en su casa de habitación en horas temprana de la mañana. El los créditos anteriores ha demostrado su responsabilidad de pago en tiempo y forma. El financiamiento lo esta solicitando para invertir en capital de trabajo y comprar un ganado que se lo están ofreciendo a buen precio. Alba Lorena agradece la ayuda que los inversionistas kiva le brindan a pequeños comerciantes de países pobre como es Nicaragua para tener un medio de vida digno.

Previous Loan Details

Alba Lorena has four children in her care. With a lot of effort, this lady has managed to create her own way of earning a living. Her business is buying and selling cattle. She has had this business for more than 21 years. She is a very responsible person and is happy to talk to her customers... More from Alba Lorena'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
  • 38
    View loans »
    Nicaragua Loans Fundraising
  • $26,391,875
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Alba Lorena to buy cattle.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Oct 30, 2012
Nov 16, 2012
Currency Exchange Loss:
Jan 19, 2014