Total loan: $1,300

Teresa De Jesus

Leon, León, Nicaragua / Retail

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A loan helped to buy rice, sugar, beans, oil, soap, milk, meat, chicken, chlorine and more.

Teresa De Jesus's story

Teresa is a poor business woman. Shee is 53 years old and originally from Comarca Larreynaga, on the outskirts of León. She is single and a mother to her 12 year old son who is in school. Teresa has a grocery store, which she has owned for more than 20 years. Due to financial circumstances, Teresa was only ever able to complete up to fourth grade of primary school. Teresa started working in business 33 years old. Where she lived there were no grocery stores nearby and so the idea of starting her own business came to her. She saw that she would earn a higher income as she had no competition. This was Teresa's first business and she did not have anybody's support. She sold her products out of a room in her home. Today Teresa wants to invest in her grocery store so she can offer a variety of products to her customers and earn a higher income. She is applying for a loan to buy rice, sugar, beans, oil, soap, milk, meat, chicken, chlorine and more. These are the products she needs as she does not stock them. Teresa thinks the loan will be of great help because she will be able to stock up her business and attract customers. Thus she will increase her sales and, therefore, her income. One of her short-term goals is to pay off the loan so that she can apply for another and to help her son do well in life.