Check out some available loans that are similar to this one!
Elsa Emerita

Update on Elsa Emerita

Elsa is a 62-year-old single mother of 3 children who are now adults. She's from Jinotega, a region that's in the north of the country. She is hard working, responsible and motivated to better herself. Unfortunately, she wasn't able to study so she started working in commerce at a young age in order to raise her children.
Thanks to her efforts and her motivation to get ahead, her economic activity is selling new clothing, like t-shirts, shirts, skirts, pants, dresses, children's clothing, towel sets, long-sleeved shirts and bed sheet sets. She dedicates 12-hours-a-day to her business selling her products. Her business is located in an established area. The objective of the loan is to invest in business capital and stock up on merchandise for the business, so that in the near future she can increase her income. Elsa is grateful for the help the Kiva lenders give to those who lack resources in poor countries like Nicaragua so that they can have dignified work.
View original language description ↓
Elsa de 62 años de edad, madre soltera con tres hijos mayores de edad, es originaria de Jinotega, lugar que está ubicado en la zona norte del país. Ella se caracteriza por ser trabajadora, responsables, con ganas de superación personal. Lamentablemente no pudo estudiar y se dedico al negocio desde muy joven para tener un medio de ingresos para sus hijos.

Gracias a su esfuerzo y sus ganas de salir adelante tiene por actividad económica la venta de ropa nueva como camisetas, camisas, faldas, pantalones, vestidos, ropa de niño, juego de toallas, camisas mangas largas, juegos de cama. Ella dedica a su negocio unas 12 horas diarias ofreciendo sus productos y lo tiene ubicado en un lugar establecido de la localidad. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de mercadería para que en un futuro no muy lejano pueda obtener mejores ingresos. Elsa 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

Elsa Emerita is 55 years old. Her goals are to do well in life and get ahead, since what is most important is to continue to make a living to support her family. She has a business selling merchandise; to do this she gets up very early to go out and open her business, which is located on the out... More from Elsa Emerita'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
  • 54
    View loans »
    Nicaragua Loans Fundraising
  • $26,297,675
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Elsa Emerita invest in work capital for her business and stock up on merchandise, like t-shirts, shirts, skirts, pants, dresses, children's clothing, towel sets, long-sleeved shirts, bed sheets.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 13, 2013
Nov 28, 2013
Currency Exchange Loss:
Nov 17, 2014