Update on Aura EstelaAura is 52 years old, single, and originally from Leon, located in the western part of the country. She likes to spend time alone in her spare time, organize her house, and relax outside. Unfortunately she was not able to complete her studies due to a lack of financial resources and having seen the obligation to go to work to help with the household expenses. Thanks to her spirit and desire to get ahead, she sells basic grains such as beans, rice, sugar, and wheat.
She works for 10 hours a day in her business, which she does on foot, with a 20 kg basket on her head every day. Her goal is to stock her business of buying and selling basic grains so that she can have a better income in the near future. Aura Estela is grateful for the help from the Kiva lenders who make it possible for people from poor countries, such as Nicaragua, to have dignified work.
Aura estela de 52 años de edad, soltera, es originaria de León, lugar que está ubicado en la zona de occidente del país. En sus ratos libre le gusta disfrutar de momentos a sola, ordenar su casa, y descansar tranquila al aire libre. Lamentablemente por falta de recursos económico no pudo cursar sus estudios, ya que se vio obligada a trabajar desde temprana edad para ayudar con los gastos del hogar.
Gracias a su espíritu y sus ganas de salir adelante tiene por actividad económica, la venta de granos básicos, como frijoles, arroz, azúcar, trigo. Ella dedica unas 10 horas diarias a su negocio. El cual lo desempeña de forma ambulante, con uno canastos de unos 20 kg sobre su cabeza, diariamente. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de granos básicos para que en un futuro no muy lejano pueda obtener mejores ingresos. Aura Estela 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 DetailsAura Estela is 51 years old. She has a mini-market. She started with a different type of business, butchering pigs and selling beans. She previously lived next to the hill called Casitas. But, due to a landslide she had to be moved to another place. That is where she would start to buy… More from Aura Estela'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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