Agueda De Jesus
Update on Agueda De JesusAgueda is a 58 year old single mother, with one son, who is currently in college, under her care. She is a native of Leon, a place located in the western region of the country. She is known for being a hardworking and responsible woman with a desire for personal improvement. Unfortunately, she was not able to attend school, and has had to work from a very young age in order to get ahead in life and afford her household expenses.
Thanks to her efforts and desire to get ahead, she has a business selling tiste in her home. Tiste is a traditional drink from the region made from a corn and cacao base. She devotes about eight hours a day to her business, offering her product. The goal of this loan is to invest in working capital and purchase corn, cacao and wood to make the tiste.
Agueda is thankful for the help that the Kiva lender give to people of few resources in poor countries such as Nicaragua so that they may have a dignified source of work.
Gracias a su esfuerzo y sus ganas de salir adelante tiene por actividad económica la venta de tiste en su casa de habitación, el tiste es una bebida típica de la región, elaborada a base de maíz y cacao, ella dedica a su negocio unas ocho horas diarias ofreciendo su producto. El objetivo del crédito es invertir en capital de trabajo y compra maíz, cacao, leña, para poder elaborar el tiste. Águeda agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.
Previous Loan DetailsÁgueda de Jesús is an older adult, single mother from León, a place located in the western part of the country. She’s noted for being hardworking, responsible, of good habits; she had to start working at an early age to help with household expenses. Thanks to her spirit and the drive to mov... More from Agueda 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