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Marcia Leonor

Update on Marcia Leonor

Marcia Leonor is 39 years old, and she is a retailer selling different products. She has 2 children she is responsible for and she has always been a devoted and responsible woman. She is requesting this loan to invest it in the purchase of construction materials such as blocks, piedrín (a type of building stone), cement, sand, iron and zinc. She will build a wall in the back part of her home so as to make it safer. She has been planning to make these improvements for four years but she was not able to do it because she hadn’t enough money. She hopes she will be able to make her dream come true thanks to this loan.
View original language description ↓
Marcia Leonor tiene 39 años, ella es comerciante de productos varios. Tiene 2 hijos bajo su cargo siempre ha sido una mujer responsable y dedicada. Ella está solicitando este crédito que será destinado para la compra de materiales de construcción como bloques, piedrín, cemento, arena, alambre, hierro y zinc ella necesita realizar una construccion de una pared en la parte trasera de su vivienda para tener mayor seguridad. Desde hace cuatro años estaba pensando en realizar estas mejoras pero como no tenia los ingresos necesarios no había podido hacerlo, espera que con este crédito pueda realizar su sueño.

Previous Loan Details

Marcia Leonor is a 38-year-old single mother of three children. She sells general merchandise, and for this reason this is not the first time she's had funds. She has had this business for over five years, which has been her principal source of household income. She has always been a responsible ... More from Marcia Leonor'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
  • 65
    View loans »
    Nicaragua Loans Fundraising
  • $23,480,375
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Marcia Leonor to buy blocks, piedrín (a type of building stone), cement, sand, iron and zinc.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2011
Listed
Nov 28, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013