Juana De La Concepcion
Update on Juana De La ConcepcionJuana de la Concepción a single older mother originally from Chinandega, with two daughters with one of them still under her care as she is disabled and attends a school for children with disabilities. She describes herself as being a hard-working and responsible woman with the desire to be successful. In her free time she likes to spend time with her daughter, giving her all her attention and enjoy with her delicious meals that she makes, or, they listen to music as her daughter responds positively to it. Unfortunately because of the lack of economic resources and the poverty in which she lives she was not able to finish her schooling as it was necessary to work at a young age to help with the household expenses. Thanks to her efforts and desire to succeed she has been able to support her daughters with the small grocery store located in her home, from which she sells consumer goods for the home such as: rice, beans, sugar, candy, detergent, clothing, shoes, cosmetics, clothing, bread, eggs, coffee, fruit, and other items. Juan opens her business very early and closes late, thus providing the best service to her customers. One of her dreams is being able to continue building her house, expanding it in order to have two separate businesses. The objective of this loan is to invest in her store, buying general merchandise as the demand has increased. Juana is very thankful for the support that Kiva investors offer to people of few economic resources.
Previous Loan DetailsJuana de la Concepción, 62, originally from the region of Chinandega, is the single mother of two children. Her younger daughter is a disabled girl and she is studying in a school for children with disabilities. Twenty years ago, she started a grocery store with savings resulting from many… More from Juana De La Concepcion'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