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Jennifer Elieth

Update on Jennifer Elieth

Jennifer Elieth, 31, is married and has two minor children. Her activity for the last three years has been selling snacks from place to place, a business she started because she needed to have a source of income to help her husband with household expenses. She needs the loan to buy such sweets as: maneitos, [corn puffs], caramels, chewing gum, bonbons, chocolates, potato chips, cookies, lollipops, etc.
View original language description ↓
Jennifer Elieth, de 31 años de edad, casada, con 2 hijos menores de edad, tiene por actividad la venta de golosinas, la cual distribuye de forma ambulante, desde hace 3 años, negocio que inicio por la necesidad de tener un fuente de ingresos y así ayudar a su esposo con los gastos de la casa. El financiamiento lo quiere para compra golosinas como: meneitos, caramelos, chicles, bombones, chocolates, tortillitas, huevitos, galletas, paletas mérmelos entre otros.

Previous Loan Details

Jennifer is a 29-year-old married mother of a 6-year-old. For almost three years she has baked and sold cookies and various sweets door-to-door. Jennifer intends to use the proceeds of the loan to buy flour, sugar, and other ingredients for her business. Her dream is to grow her business until... More from Jennifer Elieth'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

  • $4,800
    Average annual income
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,770,775
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Jennifer Elieth to buy assorted candies and chewing gum.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 1, 2012
Listed
Aug 22, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Jennifer Elieth. It was first posted on Kiva on Jul, 2011. Learn More