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Juliana

Update on Juliana

Julia is an entrepreneur who has been working with the León Foundation. During the loan period she has shown herself to be a responsible person with a strong desire to get ahead. Her greatest dream is to have her business well stocked for the sale of cosmetics, so she can offer a variety of products. Currently, she is requesting a loan to buy products such as sheets, towels, cosmetics, shoes and household goods, among other products.
View original language description ↓
Julia es una emprendedora que ya ha venido trabajando con Fundación León, durante el crédito ha demostrado ser una persona responsable y con deseos de superación, su mayor sueño es de tener su negocio bien surtido de la venta de cosméticos bien surtido para ofrecerle a su negocio una variedad de productos. Actualmente está solicitando financiamiento para la comprar productos como: sabana, toalla, cosméticos, calzado, artículos del hogar entre otros productos.

Previous Loan Details

Juliana works selling a wide range of merchandise. She has been in this business for 53 years. She has five children, each of whom works independently. This is why she does her best to keep her business going strong. This is the first loan that Juliana has received. It means a lot to her as it… More from Juliana'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
  • 57
    View loans »
    Nicaragua Loans Fundraising
  • $23,427,950
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $625 helped Juliana to buy sheets, towels, cosmetics, shoes and household products, among others.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2012
Listed
May 4, 2012
Currency Exchange Loss:
Possible
Expired:
Jun 3, 2012