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Alma Lucia

Update on Alma Lucia

Alma Lucia is 54 years old and married, with five children who are all grown-ups. She is from the town of Chinandega, in the west of the country. She owns two businesses, one selling food in a local market and the other a carpentry workshop located in her home. This isn't her first loan with León 2000.

Alma is an enterprising woman, who has managed to make a success of things through her own hard work. The purpose of this loan is to buy raw materials such as wood and screws to make furniture including beds, wardrobes, and comfortable chairs. Her customers can pay her in cash or credit, which she collects on a weekly, fortnightly and monthly basis. She has regular and prospective clients. Alma is very grateful for the support given to people with low incomes by Kiva lenders.
View original language description ↓
Alma Lucia 54 años de edad casada con cinco hijos todos mayores de edad, originaria del municipio de Chinandega, ubicado en el occidente del país. Es propietaria de dos negocios como es la venta de comida y una carpintería ubicada en su casa de habitación y el de comida en uno de los mercados de esta localidad, no es primer crédito con león 2000, Alma se caracteriza por ser una mujer emprendedora, que ha logrado salir adelante, con esfuerzos propios, el objetivo de este crédito es para la compra de materia prima como es la madera, tornillos, entre otros para la producción de muebles como: camas comerciales, especiales, roperos, sillas cómodas, entre otros mas, sus ventas son al Contado y al crédito los cuales recupera semanal, quincenal y mensualmente, tiene clientes fijos y eventuales. Alma agradece mucho el apoyo que los inversionistas Kivas les ofrece a personas de bajos recursos económicos.

Previous Loan Details

Alma Lucia is 53 years old. Her civil state is married. Lucia has two children. Her economic activity is a carpentry shop. For more than five years, she has been dedicated to this business. Alma started this business for her family since previously the business was managed by her father and it wa... More from Alma Lucia'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
  • 50
    View loans »
    Nicaragua Loans Fundraising
  • $26,297,675
    Funds lent in using Kiva
  • 25.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Alma Lucia to buy raw materials such as wood, screws, reeds, sanders, brushes and other items.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jul 30, 2013
Aug 11, 2013
Currency Exchange Loss:
Dec 17, 2014