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Juana Rosa

Update on Juana Rosa

Juana Rosa is married and has 3 small children. She has had a grocery store located in her house for 3 years. She started out selling sweet oranges, bananas and other types of vegetables that she carried on a tray. Later she bought a refrigerator and started to sell fresh juices from her house. She now has a well-stocked grocery store where she sells consumer staples. This business generates good profits and it continues to grow. Thanks to the support that the Fundacion Leon 2000 has provided her, she has been able to get ahead and invest in working capital. She will use this loan to buy eggs, rice, cooking oil, sugar, beans, bread, milk, tiste [a traditional drink made from corn and cocoa], and other products.
View original language description ↓
Juana Rosa casada con tres hijos menores de edad tiene como actividad economica una pulperia ubicada en su casa de habitacion tiene tres años de tener el negocio, el negociolo inico con una pana vendiendo naranjas dulces, bananos y otro tipos de verduras luego compra una refrigeradora y comenzo a vender fresco en su casa en la actulidad tiene una pulpera bien surtida con productos de consumo diario para el hogar, el cual genera buenas utilidades ya que sigue creciendo, y gracias al apoyo que fundacion leon 2000 le ha brindado ha podido sacar adelante en invertir en capital de trabajo, el finaciamiento lo quiere par la compra de : huevos, arroz , aceite, azucar, frijoles, pan, leche, tiste, entre otros.

Previous Loan Details

Juana Rosa is 34 years old. She lives with her husband and three children. Juana has run a grocery store for three years. She sells essential household products such as milk, rice, oil, sugar, toilet paper, tuna, eggs and drinks. Her business is located in her home which provides her with more… More from Juana Rosa'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
  • 59
    View loans »
    Nicaragua Loans Fundraising
  • $23,422,650
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $1,075 helped Juana Rosa to buy eggs, rice, cooking oil, sugar, beans, bread, milk, and other products.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2012
Listed
Jun 7, 2012
Currency Exchange Loss:
Possible
Expired:
Jul 7, 2012