Update on Aereopaquita NidiaAreopaquita 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.
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 DetailsAreopaquita 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 »
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
- 14 months (Additional Information)
- Repayment Schedule
- Dec 3, 2013
- Dec 27, 2013
- Currency Exchange Loss:
- Jul 19, 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.