Calixtra De Jesus
Update on Calixtra De JesusCalixtra de Jesus is 67 years old, married, and the mother of nine children, ages 41, 39, 37, 35, 33, 31, 29, 27, and 25, all of whom are independent. Calixtra has operated a store for the last 15 years, where she sells different types of consumer goods, like basic grains, sodas, and candy. She began the business out of the need to improve her family's quality of life and to support her husband with the household expenses. Currently, she has the support of remittances that her children send her. She is requesting this loan with the objective of investing the capital for work, in order to stock the products for her business and give good service to her clients. In the future, she would like to be able make improvements to her home. Calixtra appreciates the help that is provided for small business owners of limited resources from poor countries like Nicaragua.
Previous Loan DetailsCalixta De Jesús has a grocery store. Her business is located in her home where most of her customers come to ask for various products. Calixta strives everyday to do the best she can in her business. This opportunity came about through the idea from a friend who offered her guidance with the... More from Calixtra De Jesus'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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Success!! The loan was 100% repaid