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Teresa De Jesus

Update on Teresa De Jesus

Teresa is a 46-year-old single mother with one 23-year-old daughter. Her daughter is pursuing a degree in a university and is still supported by her mom. Teresa is a native of Chinandega, a place that is located in the western part of the country. She is a hardworking, responsible woman who was unable to pursue a university degree because she lacked financial resources. For that reason, she is supporting her daughter so that she might have a better future.

Thanks to her tenacity and her desire to improve herself, she has a business selling general merchandise, such as perfumes, body creams, cosmetics, children's clothing, pants, shirts, skirts, and underwear. She has had this street-vending business for ten years. Her work routine is to sell her merchandise out of a 20-kilogram bag for ten hours a day. She is happy with this business activity because it has been her means of helping her daughter to get ahead.

Her objective for this loan is to invest in working capital and to stock her business with general merchandise so that she can have a better income in the not-so-distant future. Teresa is thankful for the help that the Kiva lenders offer to disadvantaged people in poor countries like Nicaragua.
View original language description ↓
Teresa de 46 años de edad madre soltera con una hija de 23 años, el cual está cursando su Carrera universitaria. Y está bajo la responsabilidad de su mama. Teresa es originaria de Chinandega lugar que está ubicado en la zona de occidente del país. Es un mujer trabajadora, responsable, y que por falta de recursos económico no pudo cursar una carrera universitaria, y es la razón para apoyar a su hija para que tenga un futuro mejor.
Gracias a su tenacidad, y sus ganas de superación tiene por actividad económica la venta de mercadería en general, la cual consisten en venta de perfumees, crema de cuerpos, cosméticos, ropa de niño, pantalones, camisas, faldas, ropa interior. Actividad que la desempeña hace diez años, de forma ambulante. Su rutina de trabajo es unas 10 horas diarias, ofreciendo su mercadería con un bulto de unos 20 kg, actividad de la cual se siente muy a gusto porque ha sido el medio de trabajo que le ayuda a sacar adelante a su hija. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio con la compra de mercadería en general, para que en un futuro no muy lejano poder tener mejores ingresos económicos. Teresa agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua.

Previous Loan Details

Teresa de Jesús is 43 years old and her business is selling general merchandise. She is a very responsible person who feels very satisfied at having found a way of making income for her family. She will use this loan to buy a range of products including bags, perfumes, creams, jewelry, footwear... More from Teresa De Jesus'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
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $25,383,750
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Teresa De Jesus to invest in working capital and to stock her business with merchandise like perfumes, body creams, cosmetics, children's clothing, pants, shirts, skirts, and underwear.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 20, 2012
Jan 10, 2013
Currency Exchange Loss:
Jan 19, 2014