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Teresa De Jesus

Update on Teresa De Jesus

Señora Teresa has had a grocery stoere for the last 14 years and is very efficient at her work. She is asking for the loan to buy dry grains, milk, eggs, noodles, matches, sweets, soft drinks, juices and bread. She starts her work from 7 every morning which is when her neighbours come to buy from the variety of good she offers. She says that she is eternally grateful for the interest shown her and for being given the opportunity to progress economically and have a better present and future.
View original language description ↓
La señora Teresa se dedica a una pulpería desde hace 14 años y es muy eficiente en su trabajo, solicito el crédito para la compra de granos básicos, leche, huevos, fideos, fósforos, golosinas, refrescos, jugos y pan. Inicia esta actividad desde las 7 de la mañana que sus vecinos llegan a solicitar la variedad de productos que ofrece. Ella dice estar eternamente agradecida por la atención prestada y por darle la oportunidad de progresar económicamente y tener un mejor presente y futuro.

Previous Loan Details

Teresa de Jesús is married. She and her life partner have 2 children. She works in a small cafe. She has been doing this work for the past 13 years because she is a very enterprising woman and also because she needs the income for her family. Her business is located in a plant. She is a self-sacr... More from Teresa 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
  • 141
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Teresa De Jesus to buy dry grains, milk, eggs, matches, sweets, soft drinks, juices and bread.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2011
Listed
Nov 11, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013