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Julia Narda

Update on Julia Narda

Julia Narda is 63 years old, single, and the mother of 12 children. She lives in the municipality and city of Chinandega, located in the north east. Some 12 years ago she began a business selling cosmetics in the streets. She did so on her own initiative, after she was left as a single mother and 6 of her children still depended directly on her.

Julia Narda dedicated herself to this activity because it was difficult for her to exercise other forms of work. Sadly, for lack of economic resources, she had passed an adolescence and youth of very hard work and was unable to obtain a career. She learned what was essential, which is to read, though she didn't learn to write.

A short time ago, she took a fall which affected her business. Now, she is attempting a come back and is building up her inventory as best she can. Julia is requesting this loan to stock her business with hand and body creams, anti-wrinkle creams, and perfumes, among other types of cosmetics.

Julia is grateful for the help that Kiva investors offer to people with scarce resources in poor countries like Nicaragua, making it possible for them to have dignified work.
View original language description ↓
Julia Narda de 63 años, soltera, madre de doce hijos, vive en un municipio de la ciudad de Chinandega ubicado al norte de este, hace 12 años inicio un negocio de venta de cosméticos de manera ambulante, negocio que fue por iniciativa propia después que quedo como madre soltera y seis de sus hijos aún dependían directamente de ella; decidió dedicarse a esta actividad porque le era difícil ejercer otros trabajos, lamentablemente por falta de recursos económicos tuvo una adolescencia y juventud muy trabajada y no pudo obtener una carrera ella aprendió lo esencial, que es leer aunque no sabe escribir, hace poco ella tuvo una recaída que le afecto en su negocio ahora está tratando de volver a surtir su inventario por lo tanto Julia está solicitando este crédito para surtir su negocio de cremas para manos, cuerpo, anti arrugas entre otras, perfumes, entre otros tipos de cosméticos. Julia agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

Julia Narda sells cosmetics. This is not the first time that she has requested a loan and she is very happy with this way of life. She is a very responsible person who enjoys her lifestyle and sharing different products with her customers that they request, like creams, treatments, nail polish, l... More from Julia Narda'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
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Julia Narda to buy products such as creams, skin treatments, nail polish, eye shadow, vanities, blush, and other items to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 5, 2013
Mar 9, 2013
Currency Exchange Loss:
Jan 19, 2014