Update on Fatima PetronaFatima, age 56, is from León, which is in the western part of the country. Fatima is known for being hard-working and responsible with a desire for self-improvement. In her free time she likes to enjoy spending time with her children. Sadly, due to the lack of financial resources, she did not go to school. She was obliged to work at an early age in order to help with the household expenses.
Thanks to her effort and her desire to get ahead, Fatima has a business activity, which is a store located in her home. It is a small store where she sells food products in small quantities. She sells things like eggs, rice, sugar, milk, bread, beans, detergent, soap, cooking oil, vegetables, herbal tea, and juice. She works some ten hours a day selling her products. She does this in order to be able to get better income in the not so distant future.
Fatima is grateful for the help that the Kiva lenders give to people with scarce resources in poor countries like Nicaragua so that they can have have ways of earning a living with dignity.
La Señora Fátima de cincuenta y seis anos, es originaria de León, lugar que está ubicado en la zona de occidente del país. Ella se caracteriza por ser trabajadora, responsable, con ganas de superación personal. En sus ratos libre le gusta disfrutar de la compañía de sus hijos, lamentablemente por falta de recursos económicos no curso estudios básicos, y se vio obligada a trabajar desde temprana edad. Para ayudar con los gastos del hogar.
Gracias a su esfuerzo y sus ganas de salir adelante Fátima tiene por actividad económica una pulpería ubicada en su casa de habitación. Una pulpería es una pequeña tienda que vende productos comestibles y en cantidades pequeñas como: huevos, arroz, azúcar, leche, pan, frijoles detergentes, jabón, aceite, verduras, tiste, jugos. Ella dedica a su negocio unas 10 horas diarias ofreciendo sus productos, para que en un futuro no muy lejano pueda obtener mejores ingresos. Fátima 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 DetailsFatima Petrona, age 52, is single with adult children. She is from León, which is in the western part of the country. Fatima is a hard-working and responsible woman with good habits and a desire for self-improvement. In her free time she likes to enjoy spending time with her family. Thanks to… More from Fatima 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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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Sep 11, 2013
- Oct 3, 2013
- Currency Exchange Loss:
- Mar 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.