Update on Katherina Jaoska19 year old Katherina is married and has a two year old son. She lives within the Chinandega department, which is located in the west zone of the country. She sells merchandise such as clothing, chinoiserie, and cosmetics on foot to steady and new customers. Katherina works 10 hours a day. She travels through the streets of her community daily with a 25 kg bundle of clothing. Even though it’s a difficult schedule, she appreciates the work opportunity that these loans provide her, allowing her to provide better living conditions to her young son. She started this business so that she could help out her mother who was also a merchant. She will use the money from this loan to buy products such as: pants, shirts, and various cosmetics among other things. Katherina appreciates the help that Kiva lenders provide to people with few resources in poor countries like Nicaragua.
Previous Loan DetailsKatherine Jaoska is 18 years old. She sells a variety of merchandise. She has been working in this business for more than 3 years and is always looking for ways to increase her earnings. She has 6 children who live and work independently. She is requesting the loan in order to purchase sheets... More from Katherina Jaoska's previous loan »
Fundación Leon 2000This 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.
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