Check out some available loans that are similar to this one!
Maria Lourdes

Update on Maria Lourdes

Maria Lourdes is 48 years old and her business activity is the sale of foods. She started out more than 13 years ago when her children's expenses increased. They were all in school so she decided to look for an alternative way of working for herself, to help her husband with the household expenses. She has a great variety of clients who come to enjoy her recipes. She always strives to provide a good level of service. The reason for the loan is to purchase basic grains, cream, detergents, bread, soft drinks, juices, sweets, bags, disposable plates, and other products.
View original language description ↓
Maria Lourdes tiene 48 años, su actividad la venta de comida. Inicio hace mas de 13 años, cuando los gastos de sus hijos eran mayores, ya que todos estaban estudiando entonces decidió buscar una alternativa de empleo propio para ayudar a su esposo a los gastos del hogar. Ella tiene una gran variedad de clientes que llegan a disfrutar de sus platillos pues siempre se esfuerza en proporcionar un buen servicio. El motivo del crédito es para la compra de granos básicos, crema, detergentes, pan, refrescos, jugos, golosinas, bolsas, platos desechables entre otros.

Previous Loan Details

María Lourdes, 47, has had a grocery store for over 12 years. She started out with just a few products but it’s a business that is producing good economic results. Today, with her own business, she is doing better and she is eternally grateful to her parents for this success. In addition, her ... More from Maria Lourdes'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
  • 148
    View loans »
    Nicaragua Loans Fundraising
  • $24,071,325
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Maria Lourdes to purchase basic grains, cream, detergents, bread, soft drinks, juices, sweets, bags, disposable plates, and other products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2011
Listed
Oct 20, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012