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Agustina De La Concepcion

Update on Agustina De La Concepcion

Agustina de la Concepción serves customers in her restaurant and bar, which have given her good results thanks to the service that she offers her customers. This business is located in her home. This entrepreneur has been able to keep her business prosperous and accomplish her dreams of being successful in her means of work, thanks to the financing that Fundación León 2000 has offered her. The loan she is applying for now will be invested in the purchase of products to make the different dishes that she offers in her business, such as rice, vegetables, red and white meats, oil, and cooking utensils, among other items.
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Agustina de la Concepción ella se ha desempeñado en el servicio al cliente con un comedor y bar lo cual ha obtenido buenos resultados gracias al servicio que brinda a su clientela dicho negocio está ubicada en su casa de habitación ,esta emprendedora ha podido mantener el negocio prospero y cumplir con sus sueños, de ser exitosa con su herramienta de trabajo gracias al financiamiento que fundación león 2000 le ha brindado el crédito lo solicita para invertir en la compra de productos para la elaboración de los diferentes platillos que ofrece en su negocio como son: arroz, verduras, carnes blancas y rojas, aceite, utensilio de cocinas entre otros.

Previous Loan Details

Agustina De La Concepción, 63, has had a restaurant for over 26 years; it has been very important. She has had previous loans to improve her business. She prepares a variety of dishes that her customers request. Her business is located in Las Peñitas, a place where people come to enjoy a f... More from Agustina 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
  • 115
    View loans »
    Nicaragua Loans Fundraising
  • $23,737,400
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Agustina De La Concepcion to buy rice, vegetables, white and red meats, oil, and cooking utensils, among other items.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2012
Listed
Apr 28, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 21, 2013
This photo was used before for a previous loan for Agustina De La Concepcion. It was first posted on Kiva on Oct, 2010. Learn More