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Maria Mercedes

Update on Maria Mercedes

Señora Maria Mercedes has sold plastic items for 14 years. She has a customer base and many customers make orders. She sells to some customers on credit, but others pay in cash. Maria is a very good client; she is very hard-working and responsible. With the money from this loan, she will buy plates, glasses, buckets, disposable cutlery, and bags of all sizes. She is very grateful for your support and confidence in her.
View original language description ↓
La señora Maria Mercedes se dedica a la venta de productos plásticos hace 14 años que se dedica a esta actividad. Ya tiene clientela y muchos clientes ya realizan sus pedidos, a ciertos clientes les deja sus productos al contado como también a crédito, es muy buena cliente, trabajadora y muy responsable. Con el dinero del crédito comprara platos, vasos, baldes, cubiertos desechables y bolsas de todos los tamaños. La señora se encuentra agradecida por la confianza y el apoyo brindado.

Previous Loan Details

María Mercedes, 43, sells plastic items. She’s had the business for over 13 years. She feels very fortunate to have a source of income for her home. She started out thanks to her mother who used to have a market stand selling basic grains and that’s how María was able to acquire her own busine... More from Maria Mercedes'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
  • 127
    View loans »
    Nicaragua Loans Fundraising
  • $24,541,675
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Maria Mercedes to buy plates, glasses, buckets, disposable cutlery and bags of all sizes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2011
Listed
Nov 2, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 24, 2012