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Juana De La Concepcion

Update on Juana De La Concepcion

Juana De La Concepción has a small store and this has been her life for more than 21 years. She began with her own funds and this will not be her first loan.

Juana has been confronted with many difficulties such as competition, and because of this she always gives good service to her customers and always has good prices.

She is asking for the loan in order to buy basic grains, bread, detergents, drinks, cookies, juices, soup and toilet paper.
View original language description ↓
Juana De La Concepción se dedica a una pulpería, desde hace mas de 21 años que tiene este medio de vida. Inicio con capital propio y con los financiamientos que ha realizado pues no ha sido la primera vez. Juana ha enfrentado muchos obstáculos como es la competencia, es por eso que ella siempre les brinda un buen servicio a sus clientes y además los precios son favorables. El motivo del crédito es para la compra de granos básicos, pan, detergentes, refrescos, galletas, jugos, sopas y papel higiénico.

Previous Loan Details

Juana De La Concepción is 61 years old. This is not the first loan she has requested from Fundación León 2000, which has been a huge help in improving her business. Juana owns a grocery store and she has been expanding her inventory. She needs to get more essential products and improve the servic... More from Juana De La Concepcion'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

  • $3,636
    Average annual income
  • 133
    View loans »
    Nicaragua Loans Fundraising
  • $24,060,850
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Juana De La Concepcion to buy basic grains, bread, detergents, drinks, cookies, juices, soup and toilet paper.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2011
Listed
Nov 3, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012