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Juana Gregoria

Update on Juana Gregoria

Juana Gregoria is 50 years old, married and has grown-up, independent children. She is originally from the department of Leon, Nicaragua, which is located in the western part of the country. She is a hardworking and responsible women who has run a mill service out of her home for the past 13 years. She started the business out of necessity to have a source of income to support the household finances. She is requesting the loan to have working capital and to perform maintenance on her mills, like changing the blades and grease and paint them. In this way she can provide a better service to her customers. Juana is grateful for the help provided by Kiva lenders to people of scant resources in poor countries like Nicaragua so they have a means to dignified work.
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Juana Gregoria de 50 años de edad, casada con hijos mayores de edad, independiente. Es originaria del departamento de León, lugar que está ubicado en la zona de occidente del país. Juana es una mujer muy trabajadora, responsables, que tiene por actividad económica servicio de molino, ubicado en su casa de habitación, actividad que la desempeña desde hace 13 anos. La cual surgió por la necesidad de tener una fuente de trabajo para subsistir y aportar económicamente con los gastos del hogar. El objetivo del crédito es invertir en capital de trabajo y darles mantenimiento a sus equipos de trabajo como es los molinos, como cambiar cuchillas, engrasados, pintura ,y de dicha forma brindar un mejor servicio a sus clientes. Juana Gregoria 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 trabajo digno.

Previous Loan Details

Ms. Juana has been offering milling services for 12 years. Her business is set up in her home and she has many customers for whom she provides different jobs. She is requesting a loan to buy repair parts for her milling machine. She is a very good, hard-working, responsible borrower. She is a... More from Juana Gregoria'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
  • 132
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $900 helped Juana Gregoria to perform maintenance on her work equipment.
99% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Jan 3, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014
This photo was used before for a previous loan for Juana Gregoria. It was first posted on Kiva on Oct, 2011. Learn More