Update on Jaqueline EsmildaJaqueline is 25 years old. She is single and has 2 small children. She is originally from Sauce, a place in the north of the country. She can be characterized as hardworking and responsible with a great personal desire to overcome challenges. She works day in and day out to offer a better future to her little children. Unfortunately, due to a lack of economic resources, she was not able to study for a degree and she had to work from a young age to help with the household expenses.
Thanks to her efforts and her desire to get ahead, she has a grocery store in the town. A "pulpería" (the name for this type of store) is a small store that sells groceries in small quantities such as rice, beans, sugar, milk, bread, detergent, eggs, juices, and sodas. She runs the store for 12 hours a day, offering all her products. The goal of this loan is to have business capital and supply her store so that, in the not-so-distant future she can have a better income. Jaqueline is grateful for the help that Kiva lenders offer to people with scarce resources and to poor countries like Nicaragua so that they can have dignified work.
La Sra. Jaqueline de 25 años de edad. Soltera con dos hijos menores de edad. Originario del Sauce, lugar que está ubicado en la zona norte del país. Se caracteriza por ser trabajadora, responsables con ganas de superación personal que ha trabajado día a día para brindarles un futuro mejor a sus pequeños hijos. Lamentablemente por falta de recursos económicos no pudo cursar una carrera 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 tiene por actividad económica la una pulpería ubicada en un lugar especifico de la localidad. Una pulpería es una pequeña tienda que vende productos comestibles en cantidades pequeñas como arroz, frijoles, azúcar, leche, pan, detergente, huevos, jugos, gaseosas. Ella dedica a su negocio unas 12 horas diarias ofreciendo sus productos. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio para que en un futuro no muy lejano pueda obtener mejores ingresos. Jacqueline 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 DetailsJaqueline Esmilda has a local store, which she's had for more than four years. She learned the business from her mother, who taught her this way of life. In spite of the difficulties of her life as a single mother, she has managed to stay afloat through great effort. She is asking for… More from Jaqueline Esmilda'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
- Oct 11, 2013
- Oct 26, 2013
- Currency Exchange Loss:
- May 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.