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Altagracia Noemi

Update on Altagracia Noemi

The scent of corn with hints of wood permeates the entire locale. Altagracia, 42, makes and sells tortillas every day, attired in her characteristic white apron. Over the past fourteen years, revenue from the business has become the support of her home and her three children who go to school Monday through Friday. When she was in fourth grade, Altagracia had to leave school because she couldn't afford the tuition anymore. However, that didn't present a problem for someone who was moving ahead.

Altagracia has shown with great affection the appreciation she has for having received a prior loan, with which she was able to increase production and sales by buying supplies like corn and firewood. She is currently seeking another loan, to buy wholesale corn that will allow her to save a bit of money. In addition, she needs to buy an industrial kitchen so she can offer her clients a better product more quickly and in greater quantity. She knows she needs to keep investing by taking loans, so for the moment she doesn't feel as though she's self-sufficient, but she doesn't rule out that she may be in the future.
View original language description ↓
El olor a maíz recorre por todo el negocio rodeado por pedazos de madera. Altagracia de 42 años, quien a diario se viste con su caracterizado delantal blanco para elaborar y comercializar las tortillas. Desde hace 14 años, estos ingresos se han convertido en el sustento de su hogar y de sus tres hijos que de lunes a viernes asisten al colegio. Al llegar a cuarto grado de primaria tuvo que abandonar el tren del colegio, debido a que no podía costear más el boleto, sin embargo eso no fue ningún problema para ser alguien que sale adelante.
Altagracia mostró con mucho afecto el agradecimiento que tiene por haber recibido un préstamo antes, con el cual pudo incrementar su producción y venta, mediante la compra de materiales como maíz y leña. Ahora solicita otro préstamo para comprar maíz al por mayor que le permitirá ahorrar un poco de dinero. Además necesita comprar una cocina industrial para poder ofrecerle a sus clientes un mejor producto, en mayor cantidad y más rápido. Por el momento no se siente una persona autosuficiente porque sabe que va a seguir invirtiendo mediante préstamos, no obstante no descarta la idea que en un futuro pueda serlo.

Previous Loan Details

Altagracia, 37, is a native of the city of León. She is married and has three children. She began her business, which has been her sole source of income, seven years ago. Before that, she made her living doing domestic work. She works as a street vendor, selling her tortillas in markets, bus stat... More from Altagracia Noemi'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.

About Nicaragua

  • $4,800
    Average annual income
  • 101
    View loans »
    Nicaragua Loans Fundraising
  • $24,738,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Altagracia Noemi to buy wholesale corn and an industrial kitchen.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
At end of term
May 8, 2014
Jun 6, 2014
Currency Exchange Loss:
Sep 17, 2014