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Rosalia Ramona

Update on Rosalia Ramona

Rosalía, 37, is married and has no children. She’s from León Department, a place located in the western part of the country. León is noted for being a place with welcoming, helpful, hardworking people. Rosalía’s economic activity is selling fruit and vegetables; she’s been in this business for 15 years. Her daily routine is to work 8 hours going from place to place with a basket on her head selling her fruit and vegetables.

She has worked with the Fundación previously and has been responsible and made her payments as required. The objective of this loan is to invest in working capital and stock her business with vegetables and fruit like oranges, tomatoes, peppers, papayas, pineapples, passion fruit, squash and chayote to be ready for the Christmas season this way. Rosalía is grateful for the help Kiva lenders provide people of scarce resources and to poor countries like Nicaragua so that ways of earning a living with dignity are possible.
View original language description ↓
Rosalía de 37 anos de edad, casada sin hijos, del departamento de león, lugar que esta ubicado en la zona de occidente del país. León se caracteriza por ser un lugar con gente muy acogedora, servicial, trabajadora. Rosalía tiene por actividad económica la venta de frutas y verduras desde hace 15 anos que de dedica a dicha actividad. La rutina diaria de Rosalía es trabajar unas 8 horas diarias de forma ambulante con una pana en la cabeza ofreciendo sus frutas y verduras. Ella ya ha trabajado con fundación y ha demostrado su responsabilidad de pago en tiempo y forma. El objetivo del préstamo es invertir en capital de trabajo y surtir su negocio con verduras y frutas como: naranjas, tomates, chiltomas, papaya, pina, cálala, ayote, chayote, y de dicha forma aprovechar las ventas por la temporada navideña. Rosalía agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener fuentes de trabajo digno.

Previous Loan Details

Señora Rosalia is 36 years old. She is married and has one son, who is 19 and whom she still supports. She is applying for this loan to purchase 1 mz. of land (about 1.7 acres) which has a crop of sugar cane. Then she will plant cane and yucca, among other crops. She began this business because o... More from Rosalia Ramona'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
  • 46
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Rosalia Ramona to buy fruit and vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 16, 2012
Nov 28, 2012
Currency Exchange Loss:
Dec 17, 2013
This photo was used before for a previous loan for Rosalia Ramona. It was first posted on Kiva on Oct, 2011. Learn More