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Aereopaquita Nidia

Update on Aereopaquita Nidia

Areopaquita is 65 years old, single, and has an adult son. She is from Leon, a place located in the north of the country. Its inhabitants are known for being hard-working and responsible, with a desire to succeed. In her free time she likes to enjoy her family's company and spend quality time with them. Unfortunately, from an early age she has worked to help with the household expenses.

Thanks to her effort and her desire to succeed, she has as her business the sale of cosmetics, such as rouge, eyeshadow, eyebrow pencil, lipsticks, perfumes, creams and eyeliner. She has been working at her business for eight hours a day, selling door to door and by order. The purpose of the loan is to have working capital for the purchase and sale of cosmetics, and to take advantage of the Christmas sales season, so that in the not too distant future she can obtain better income.

Areopaquita is grateful for the help that the Kiva investors offer to low-income people in poor countries such as Nicaragua, so that they can have a decent livelihood.
View original language description ↓
Areopaquita de 65 años de edad, soltera con un hijo mayor de edad. Es originaria de Leon, lugar que está ubicado en la zona norte del país. Se caracterizan por ser trabajadores, responsables, con ganas de superación personal. En sus ratos libre le gusta disfruta de la compañía de su familia pasar tiempo de calidad. Lamentablemente desde muy joven ha trabajado para ayudar con los gastos del hogar.
Gracias a su esfuerzo y sus ganas de salir de adelante tiene por actividad económica la venta de cosméticos como rubor, sombra de ojos, lápiz de ojos, labiales, perfumes, cremas, delineador, rubor. Ella dedica a su negocio unas 8 horas diarias de forma ambulante y por encargo. El objetivo del crédito es invertir en capital de trabajo en la compra y venta de cosmético y aprovechar las ventas de la temporada navideña, para que en un futuro no muy lejano pueda obtener mejores ingresos. Areopaquita 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 Details

Areopaquita is 63, single, has no children, she is from the department of Leon located in the west of the country. Aeropaquita's activity for 34 years has been the sale of cosmetics, her business consists of selling cosmetics, she sells them both at cash and credit conditions, products such as… More from Aereopaquita Nidia'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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $23,416,850
    Funds lent in using Kiva
  • 25.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Aereopaquita Nidia to invest in working capital and stock her business buying and selling cosmetics such as blush, eyeshadow, eyeliner, lipstick, perfumes, creams, and eyeliner.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 3, 2013
Listed
Dec 27, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 19, 2014
This photo was used before for a previous loan for Aereopaquita Nidia. It was first posted on Kiva on Oct, 2012. Learn More