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Melania De Jesus

Update on Melania De Jesus

Melania De Jesús has sold clothes for more than twenty years; she’s always been a responsible person. Most of her customers know where her business is located so they come by looking for the various items she offers because in the area there is no other clothing store and she took advantage of this opportunity to establish this business. The loan she’s requesting is to buy pants, shirts, suits, skirts, dresses and children’s clothes.
View original language description ↓
Melania De Jesús se dedica a la venta de ropa, desde hace mas de 20 años ella siempre ha sido una persona responsable. La mayoría de sus clientes saben donde ella tiene localizado el negocio por lo que llegan a buscar los diferentes productos que ofrece, pues en su comarca no existe una tienda de ropa y aprovecho la oportunidad de establecer este negocio. el financiamiento que solicita es para la compra de pantalones, camisas, trajes, faldas, vestidos y ropa para niños.

Previous Loan Details

Melania is 37 years old and sells clothes in order to make money to help cover her family's expenses. She works every day from 8 in the morning until 9 at night. Sometimes she leaves her items on credit and collects payment on the weekends. This loan will be used to buy more items since she… More from Melania De Jesus'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
  • 172
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,250
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Melania De Jesus to buy clothes.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2011
Listed
Nov 5, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012
This photo was used before for a previous loan for Melania De Jesus. It was first posted on Kiva on Dec, 2010. Learn More