Update on Julia PetronaJulia Petrona is married with two children, both of whom are under 18 years old and still under Julia's charge. Julia is originally from a town in the Chinandega area, which is known for its businesses and where one of the country's best known talent exists. Julia makes a living buying general merchandise, such as a variety of new clothes, shoes, make-up and others. She buys in cash and in bulk in various markets. She sells her products for cash or on credit both to regular customers and passers-by. She is a street vendor and, on some occasions, she sells her products from her home. Julia started her business in order to cover some household costs. She has fought to get her children ahead and to provide them with a better future. One of her dreams is to improve her home and give her children a decent place to live. This loan will be used to invest in working capital and to stock-up her business buying and selling merchandise, such as make-up, clothing items for adults and children, and more. Julia is very grateful to Kiva lenders for their support to people of low financial resources.
Previous Loan DetailsJulia Petrona is an entrepreneur who has sought the support of loans and to date has had several cycles working with Fundación León where she’s shown herself to be a responsible person who wants to improve. She expresses that with the helps she’s gotten from the financing; her inventory has in... More from Julia Petrona'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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