Update on Karla AzucenaKarla is 36 years old, she is married, and she has three children that are 13, 9, and 3 years old. She is originally from Managua, which is in the central region of the country. Karla is a very hard-working woman who is responsible and is very driven to achieve her personal goals. In her free time, she likes to spend time with her family in outdoor activities and to prepare traditional dishes such as "gallo pinto." Unfortunately, she was not able to attend the university and she was instead obligated to work since she was a child. For this reason, she fights daily to provide a better future for her small children.
Thanks to God, and to her drive to get ahead, she works as a salesperson, selling accessories and products for the home such as notebooks, gifts, gift baskets, wall clocks, glassware, albums, calculators, etc.
She works 10 hours per day selling her products, which is a job she does with pleasure. This loan will be used to invest in working capital so that she can buy and sell products, so that in a not-so-distant future she can earn a higher income. Karla is thankful for the help that Kiva lenders are providing to her and to the other people that don't have resources, especially in poor countries such as Nicaragua. With this help, they can find dignified work.
Gracia a su espíritu y sus ganas de salir adelante tiene por actividad económica la venta de bisutería y productos para el hogar productos como cuadros, retraterías, bolsas de regalos peluches, reloj de pared, cristalería, álbum calculadora. Ella dedica a su negocio unas 10 horas diarias ofreciendo sus productos, actividad que la desempeña con mucho gusto. El objetivo del crédito es invertir en capital de trabajo surtir su negocio en l comprar y venta de mercadería para que en un futuro no muy lejano pueda obtener mejores ingresos. Karla agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.
Previous Loan DetailsKarla Azucena, 36 years old, is married with 3 children of 13, 9, and 2 years old. She is originally from Managua, a place that is located in the central area of the region. Karla is known for being a responsible working woman, wanting to succeed. Unfortunately, because of the lack of financial r... More from Karla Azucena's previous loan »
Fundación Leon 2000This 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.
71View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- May 31, 2013
- Jul 3, 2013
- Currency Exchange Loss:
- Oct 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.