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Araceli Esperanza

Update on Araceli Esperanza

Araceli Esperanza is a married adult from one of the towns in the north of the country, a zone noted for commerce, gold sales, cattle and others. She owns a beautiful grocery store that she’s succeeded in stocking little by little with loans she’s gotten. She sells basic home consumption staple goods like rice, sugar, beans, powdered milk, snacks, soft-drinks, coffee, seasoning, onions, tomatoes, eggs, juices, chicken, meat, sausages, cookies, detergents, shampoo, bread, soap as well as cosmetics and clothes, among others.

She starts her work day very early in the morning and ends quite late thereby offering better customer service. This loan’s objective is for working capital to buy household goods to have a variety of products handy to offer her customers. Araceli is very grateful for the support Kiva lenders give people of low economic resources.
View original language description ↓
Araceli Esperanza mayor de edad casada originaria de uno de los municipios del norte del país, zona que se caracteriza por el comercio, venta de oro, ganado, entre otros, es propietaria de una hermosa pulperia que ha logrado surtir poco a poco con los créditos que ha obtenido, ofrece productos de consumo para el hogar como: arroz, azúcar, frijoles, leche en polvo, golosinas, gaseosas, cafe, sazonadores, cebollas, tomates, huevos, jugos, pollo, carne, embutidos, galletas, detergentes, shampoo, pan, jabón, al igual que cosméticos, ropa entre otros, ella desde muy temprano inicia su jornada de trabajo finalizando ya bastante tarde y así les ofrece mejor atención a sus clientes, el objetivo de este crédito es para capital de trabajo en la compra de productos de consumo del hogar y asi obtener variedades de productos que ofrecer a sus clientes. Araceli Agradece mucho el apoyo que los inversionistas kivas les ofrece a personas de bajos recursos económicos.

Previous Loan Details

Araceli Esperanza is a 26 year old woman who feels fulfilled from having such a close family. For three years, she has operated a store as her main source of income. When she started her business, Araceli had the support of her husband who was responsible for managing their savings. She began ... More from Araceli Esperanza's previous loan »

Additional Information

Fundación Leon 2000

This 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.


About Nicaragua

  • $4,800
    Average annual income
  • 95
    View loans »
    Nicaragua Loans Fundraising
  • $25,011,000
    Funds lent in using Kiva
  • 24.5
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,225 helped Araceli Esperanza to buy stock merchandise for her store.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 15, 2013
Oct 26, 2013
Currency Exchange Loss:
Nov 25, 2013