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Juana Francisca

Update on Juana Francisca

Juana is 61 years old. She is married and has three young grandchildren that she is responsible for. She is a native of Leon, a place that is located in the western region of the country. She is known for being hardworking and responsible with a desire for self-improvement. Unfortunately, due to a lack of financial resources, she was not able to attend school. She fights day-to-day to get her young grandchildren ahead since they depend on her.

Thanks to her efforts and desire to get ahead, she has a sewing business in her home where she makes clothing like skirts, dresses, pants, shorts, and bedding. She spends about eight hours a day working in her business.

The goal of this loan is to invest in the purchase of raw material to make clothing such as: patches, fabrics, thread, needles, spools, buttons, and zippers, so that in the near-future, she can improve her earnings. Juana is grateful for the help that the Kiva lenders have given to people of few means in poor countries like Nicaragua, so that they can have a dignified job.
View original language description ↓
Juana de 61 años de edad, casada con tres nietos menores de edad bajo su responsabilidad. Es originaria de Leon, lugar que está ubicado en la zona de occidente del país. Se caracteriza por ser trabajadora, responsable, con ganas de superación personal. Lamentablemente por falta de recursos económico no curso sus estudios. En la actualidad sigue luchando para sacar adelante a sus pequeños nietos, ya que depende de ella.
Gracias a su esfuerzo y sus ganas de salir adelante tiene por actividad económica el servicio de costura en su casa de habitación, que consiste en elaborar prendas de vestir como faldas, vestidos, pantalones, short. Ropa de cama. Ella dedica a su negocio unas ocho horas diarias. El objetivo del crédito es invertir en la compra de materia prima para la elaboración de prenda de vestir como retazos, telas, hilos, agujas, carrete, botones, zíper. Para que en un futuro no muy lejano pueda obtener mejores ingresos. Juana 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

Sra. Juana Francisca has been providing sewing services for more than seven years. She is a responsible person who enjoys having equipment for her work. Juana started earning a living in this manner out of necessity so that she could cover the household expenses. Despite not having many… More from Juana Francisca'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

  • $3,636
    Average annual income
  • 152
    View loans »
    Nicaragua Loans Fundraising
  • $23,163,975
    Funds lent in using Kiva
  • 25.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Juana Francisca to invest in working capital and to purchase raw material to make clothing such as: patches, fabrics, thread, needles, spools, buttons and zippers.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2014
Listed
Feb 18, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015