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Yitza Margarita

Update on Yitza Margarita

Yitza Margarita's business is selling cosmetics. She has always enjoyed working hard to get her family ahead in life. She has one son in her care. Yitza sells her products as an itinerant vendor. Her customers request variety in her products. She has an established customer base and will use the income she makes to cover her household needs. She has realized that her business is growing favorably. She would like to continue expanding her business by purchasing more merchandise. She is requesting this loan to buy powders, creams, treatments, underwear, lipsticks and nail polish.
View original language description ↓
Yitza Margarita ella se dedica a la venta de cosméticos. Siempre le ha gustado luchar para sacar a su familia adelante, ella tiene un hijo bajo su cargo. Vende sus productos de manera ambulante sus clientes le solicitan variedad en sus productos. Cuenta con una clientela establecida, con los ingresos que obtenga podrá solventar sus necesidades de su casa. Ella se ha dado cuenta que su negocio va creciendo favorablemente en el transcurso de los días. Desea seguir ampliando su negocio con la compra de más mercadería. El motivo del crédito es para la compra de polvos, cremas, tratamientos, ropa interior, lápiz labial y pintura de uñas.

Previous Loan Details

Yitza Margarita is 60 years old and it is not the first time she has been financed by Fundacion Leon; she has proven to be a good client. She sells general merchandise and it has been great to support her family. Yitza considers herself as a very responsible person and enjoys the interaction sh... More from Yitza 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

  • $3,636
    Average annual income
  • 100
    View loans »
    Nicaragua Loans Fundraising
  • $23,742,975
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Yitza Margarita to buy powders, creams, treatments, underwear, lipsticks and nail polish.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2011
Listed
Nov 20, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012