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Mayra Luisa

Update on Mayra Luisa

Mayra Luisa, 48, works as an elementary school teacher. She has two children and strives daily to improve her family’s quality of life. Mayra is a happy woman; she has her house that needs improvement and that’s why she’s asking for a loan to buy cement, concrete blocks and sand, among others. These improvements she wants to do are necessary for her family and will be beneficial for her as well.
View original language description ↓
Mayra Luisa de 48 años labora como docente de primaria. Tiene 2 hijos, lucha todos los días para mejorar la calidad de vida de su familia. Mayra es una mujer feliz, tiene su vivienda a la que necesita realizarle modificaciones es por eso que solicita el financiamiento para la compra de cemento, bloques, arena entre otros. Estas mejoras que quiere realizar son necesarias para su familia y al mismo tiempo será beneficioso para ella.

Previous Loan Details

Mayra Luisa is 46 years old and is a mother of two children that are students and still dependents. The location of her business is in a modest dwelling, which has made it difficult to get ahead in this situation that we are facing and additionally be in charge of paying for her children's school... More from Mayra Luisa'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $3,636
    Average annual income
  • 115
    View loans »
    Nicaragua Loans Fundraising
  • $23,737,400
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Mayra Luisa to buy cement, concrete blocks and sand, among others.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2011
Listed
Nov 11, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013