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Veronica De La Concepcion

Update on Veronica De La Concepcion

Verónica de la Concepción, 25, is a single mother of three minor children. She’s from León, a place located in the western part of the country. She likes cooking traditional dishes like ‘gallopinto’ in her free time. Unfortunately, Verónica was unable to study a university career due to lack of economic resources but she would have liked to study international business.

Thanks to her spirit of self-improvement and her drive to get ahead, her economic activity is selling crafts such as jars, vases, and cosmetics. She’s been in this activity for 7 years. She sells products like lipstick, blush, eye shadow, eye liner, wrinkle creams, foundation, powder, body talc and perfume. The object of the loan is to invest in working capital to stock her business to increase profits in the not too distant future. Verónica thanks Kiva lenders who provide for people of scarce resources and poor countries like Nicaragua so they can have a way to earn a living with dignity.
View original language description ↓
Verónica de la Concepción de 25 años de edad, madre soltera con tres hijos menores de edad. Es originaria de León, lugar que está ubicado en la zona de occidente del país. En sus ratos libre le gusta cocinar comida típica de la región como es gallopinto. Lamentablemente para verónica no pudo cursar una carrera universitaria por falta de recursos económicos. Pero le hubiera gustado estudiar comercio internacional

Gracias a su espíritu de superación y sus ganas de salir adelante tiene por actividad económica la venta de productos artesanales como jarrones, floreros, cosméticos, desde hace 7 años que se dedica a dicha actividad. el cual consisten en vender productos como : pintura de labios, rubor, sombras de ojos, lápiz de ojos, corrector de ojeras, base, polvos, crema de cuerpos. Perfumes. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio, para que en un futuro no muy lejano aumentar sus ganancias. Verónica agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

Verónica de la Concepción makes her living selling cosmetics. She has had this business for the past six years. During this time, the business has been growing gradually. She is requesting this loan in order to buy wholesale perfumes, creams, powders, lipstick, lotions, bases, blush, and… More from Veronica De La Concepcion'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
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $23,448,750
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Veronica De La Concepcion to invest in her business and buy materials to make crafts.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2013
Listed
Feb 5, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013