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Update on Margarita

Margarita, 62, owns the house where she lives. She raises and sells pigs for a living. She is an enterprising woman and plans to expand the business. Margarita has worked with Fundacion for some time and she promises to repay this loan in the agreed-upon time. She is grateful for the loan and doesn't want to let down the people who are responsible for helping her to continue to support herself. Margarita will use this loan to buy pigs for her livestock business.
View original language description ↓
Margarita tiene 62 años, vive en su casa propia, Ella se dedica a la venta y destace de cerdo. Como es una mujer muy emprendedora para el futuro tiene pensado mejorar su actividad. Ella tiene tiempo de trabajar con Fundación y promete pagar sus cuotas puntualmente como siempre ya que no quiere quedar mal con las personas que hicieron posible este aporte que le permitirá continuar trabajando en busca del progreso. Margarita tiene planeado invertir el crédito solicitado en la compra de cerdos.

Previous Loan Details

Sra. Margarita is 61 years old. This is not the first time she has received loans from Fundación Leon 2000. Her business involves buying and selling pigs. Margarita states that she has been able to make significantly more progress as a result of investing the loans she has requested. She has ... More from Margarita'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
  • 76
    View loans »
    Nicaragua Loans Fundraising
  • $25,413,450
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Margarita to buy pigs for her livestock business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 25, 2011
Nov 14, 2011
Currency Exchange Loss:
Apr 24, 2012