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Luvy Jeaneth

Update on Luvy Jeaneth

Luvy Jeaneh is 27 years old, married and has a 4-year-old son. She is originally from Jicaral, which is in the northern part of the country. Luvy has always been known for being a very responsible, hardworking and well-mannered woman. She has had loans with Kiva partner Fundación León 2000 and has been responsible with her payments. Luvy makes a living selling clothing and cosmetics on the streets and has a regular customer base. Her routine is to go out to sell on the street 10 hours a day and deliver her goods, and she collects her payments every other week. She is requesting the loan to stock her small business and take advantage of the time of year when sales peak around Christmastime. She plans to purchase shirts, pants, shorts, skirts, lipsticks, perfumes, and body lotions. Luvy is grateful for the help Kiva lenders provide to people of scant resources in countries like Nicaragua so they can have a decent life.
View original language description ↓
Luvy Jeaneh de 27 anos de edad, casada con un hijo de 4 anos. Luvy es originaria de la localidad del jicaral, lugar que esta ubicado en la zona norte del país. Luvy siempre se ha caracterizado por ser una mujer muy responsable, trabajadora, de buena costumbre. Ella ya ha tenido crédito con Fundación león 2000 y ha demostrado ser responsable con sus pagos en tiempo y forma. La actividad económica de Luvy es la venta de ropa y cosméticos de forma ambulante y tiene clientela de fija y eventuales. La rutina diaria de Luvy es salir a vender a la calle 10 horas diarias para entregar la mercadería por encargo, la cual recupera la ganancia quincenalmente. El financiamiento lo esta solicitando para invertir en capital de trabajo y surtir su pequeño negocio y aprovecha porque se acercan la temporada con mayores venta por las promociones y temporada navideña. Con el financiamiento comprara camisas, pantalones, short, faldas, pinturas labias, perfumees, crema hidrates de cuerpo. Luvy agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de vida digno.

Previous Loan Details

Luvy Jeaneth lives in her own home with her son who is still dependent on her. She has been in the clothes selling business for more than 8 years. In the past, she didn't have sufficient capital to keep moving forward but a friend gave her a loan to start her business and little by little she h... More from Luvy Jeaneth'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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,036,450
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Luvy Jeaneth to purchase shirts, pants, shorts, skirts, lipstick, perfumes, and body lotions.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2012
Listed
Oct 26, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013