Teresa De Jesus
Update on Teresa De JesusTeresa is a single mother of a grown daughter. She is from the town of Chinandega, located in the western part of the country. She is known for being hardworking and dedicated, with a lot of desire for personal improvement. She is a small businesswoman, selling merchandise door-to-door like children's clothing, cosmetics, shoes, pants, gold, silver and bronze goods, perfumes, creams, underwear, and plastic products, among other things. She makes her purchases in another country and distributes them in business centers and merchants in Chinandega, where she has fixed and occasional clientele. She sells in cash or on credit, which she collects weekly or bimonthly. She starts her day very early to run all over Chinandega delivering her products.
The goal of this loan is to invest in business capital and stock her store by purchasing merchandise such as: various styles of clothing for children and adults, cosmetics, plastic goods and other things. This way she can make more money for her home. Teresa is very grateful for the support that the Kiva lenders give to people of scarce economic resources in poor countries like Nicaragua.
Previous Loan DetailsTeresa is a 46-year-old single mother with one 23-year-old daughter. Her daughter is pursuing a degree in a university and is still supported by her mom. Teresa is a native of Chinandega, a place that is located in the western part of the country. She is a hardworking, responsible woman who was… More from Teresa De Jesus'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