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Maria De Los Angeles

Update on Maria De Los Angeles

Maria De Los Ángeles is 31 years old and a single mother of a child of 9. She has been running a grocery store for the last 4 years and she has loyal customers who come to buy the varied products she sells. She takes care of her business from 7 in the morning until 9 at night. Maria pays attention to the products customers ask her for. This is why she is asking for the loan to buy rice, beans, oil, sweets, soft drinks, soups and canned goods.
View original language description ↓
Maria De Los Ángeles tiene 31 años es madre soltera de un hijo de 9 años. Desde hace 4 años que ella tiene su pulpería, tiene buenos clientes que llegan a comprarle la variedad de productos que ofrece. Ella tiende su negocio desde las 7 la mañana hasta las 9 de la noche, Maria está pendiente de los productos que sus clientes le solicitan. Es por que solicita este crédito para la compra de arroz, frijoles, azúcar, aceite, golosinas, refrescos, sopas y enlatados.

Previous Loan Details

Maria De Los Angeles, age 30, is a hardworking woman who has a store. She works every day from 6am to 10pm. Maria started this business more than three years ago and has continued to work with effort and dedication to maintain an optimal sales level so that her family will have income. She sel... More from Maria De Los Angeles'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
  • 101
    View loans »
    Nicaragua Loans Fundraising
  • $24,397,050
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Maria De Los Angeles to buy rice, beans, sugar, sweets, soft drinks, soups and canned goods.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2011
Listed
Oct 27, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012