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Martha Lorena

Update on Martha Lorena

Martha Lorena has had her used clothes sales business for over 19 years. She’s asking for a loan to buy more merchandise: pants, t-shirts, shorts, skirts, shirts, women’s and men’s suits and also children’s clothes. Martha does not have the necessary funds to make this business investment so she’d like this loan to buy her raw materials. Martha faces a few challenges like losses due to items of clothing that arrive damaged and are unsellable; despite this though she’s always moving forward.
View original language description ↓
La señora Martha Lorena tiene más de 19 años con su negocio que es la venta de ropa usada. Solicita un préstamo para invertir en mercancía que es pantalones, camisolas, shorts, faldas, camisas, trajes para damas y caballero y además ropa para niños. Martha no cuenta con el dinero necesario para realizar la inversión que a su negocio le está haciendo falta es por eso que desea este crédito para comprar materia prima. Martha tiene algunos desafíos como es perdidas en algunas prendas de vestir que aparecen dañadas y ellas no las vende, pero a pesar de esto siempre está saliendo adelante.

Previous Loan Details

Martha Lorena is 40 years old and has been in the business of selling used clothes for more than 18 years. She is well known in her business since she is alway in tune to what her clients need so she doesn't lose them. She is always characterized for providing good service. Martha wakes up ear... More from Martha Lorena'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

  • $4,800
    Average annual income
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Martha Lorena to buy clothes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2011
Listed
Oct 20, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 24, 2012