Update on TeodoraVidea is 56 years old and married. Her ten children are 16, 18, 20, 22, 23, 27, 30, 37, 40 and 42 years old. Only the youngest still attends secondary school.
For the past fifteen years Videa has earned her living selling shellfish on the streets of León. She decided to start the business to help her husband support the family. He is a watchman and gave her his full support. In this way Videa was able to start her shellfish business.
With the loan she plans to buy more products such as fish, shrimp, crab etc. which will give her the opportunity to earn more money. Videa is grateful for the help that Kiva donors bring a poor person like her in a poor country like Nicaragua.
Previous Loan DetailsTeodora is from the neighborhood of Managuita. She is 55 years old and she sells seafood. She explains that she has to go out every day to offer the wide variety of products that her customers request. She has three children who sometimes help her with sales, but her main priority is for them to ... More from Teodora'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