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Maria Elena

Update on Maria Elena

María Elena, 26, despite not having a stable job decided to start her own business: a jewelry store. One of the problems is that her husband is the person who helps her in the business but he has problems with his spine and sometimes is unable to do so. She has a 7-year-old son in her care and she takes care of providing everything necessary for him. This will be her second loan and she’ll use it to buy silver, gold, pearls and tools, among others.
View original language description ↓
Maria Elena tiene 26 años, a pesar de no tener trabajo estable, decidió emprender su negocio que es una joyería, uno de sus problemas es que su esposo quien se encarga de ayudarle en el negocio pero tiene problemas en la columna y algunas veces no le puede ayudar en su negocio. Ella tiene 1 hijo de 7 años a su cargo ella se encarga de proporcionarle lo necesario. Este será su segundo crédito con el que comprara plata, oro, perlas, herramientas entre otros.

Previous Loan Details

Maria Elena is married and has one child. She engages in selling jewelry: she has many customers who request different kinds of bracelets, chains and rings, and for this reason she always tries to provide an excellent service and to offer good quality products. Her shop is located in the Santos B... More from Maria Elena'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
  • 70
    View loans »
    Nicaragua Loans Fundraising
  • $25,034,300
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Maria Elena to buy silver, gold, pearls and tools, among others.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Oct 4, 2011
Oct 24, 2011
Currency Exchange Loss:
Sep 15, 2012