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Maria Irela

Update on Maria Irela

Maria Irela is 39 years old and she is in the business of butchering pigs. She has been involved in this activity for more than 8 years. She began this business because her mother became ill and so Maria decided to take over the business and help with the household expenses.

She is asking for a loan in order to buy pigs. Maria has always been well-thought of for providing her customers with good products.
View original language description ↓
Maria Irela tiene 39 años, su actividad es el destace de cerdo. Hace más 8 años que tiene este medio de vida. Comenzó con este negocio porque su Mama empezó a enfermarse fue así que Maria decide hacerse cargo del negocio y ayudar en los gastos del hogar. El objetivo del préstamo es para la compra de cerdos, Maria siempre se ha destacado por brindarles a sus clientes buenos productos.

Previous Loan Details

Maria Irela obtained a business of purchasing and butchering pigs 7 years ago. She is a responsible woman who is happy to have her business since has a young son to take care of. The business was started by her mother, who taught Irela the business because she needed a way to support her son. ... More from Maria Irela'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
  • 105
    View loans »
    Nicaragua Loans Fundraising
  • $23,723,925
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Maria Irela to buy pigs.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2011
Listed
Nov 3, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013