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Modesta Rosa

Update on Modesta Rosa

Doña Modesta is originally from the city of Granada. She is a merchant by trade who manages a grocery business. Modesta is grateful to Kiva and MiCredito because she will be able to increase her sales and maintain her store.

She is requesting a new loan in order to buy various products such as rice, beans, sugar, oil, sodas, and other items. Modesta expects this loan to be of great help since she will be able to increase her sales.
View original language description ↓
Doña Modesta es originaria de la ciudad de Granada. Es de oficio comerciante, se dedica al negocio de pulpería. Esta agradecida con Kiva y MiCredito ya que ha logrado incrementar sus ventas y mantener la pulpería. Solicita el nuevo crédito para la compra de productos varios tales como: Arroz, Frijoles, Azúcar, Aceite, Gaseosas entre otros. Estima que el crédito le será de mucha ayuda ya que lograra incrementar sus ventas.

Previous Loan Details

Sra. Modesta, age 49, is a Kiva client who resides in the city of Granada. She is a merchant by trade and has managed a grocery business for 10 years. Modesta is the mother of three children. She says that her loan was a great help because it allowed her to increase her inventory of merchandise,… More from Modesta Rosa's previous loan »

Additional Information

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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About Nicaragua

  • $3,636
    Average annual income
  • 169
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Modesta Rosa to buy rice, beans, sugar, oil, sodas, and other products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2013
Listed
Jan 11, 2014
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014