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Maria Isabel

Update on Maria Isabel

Maria Isabel is an entrepreneur who has received support through the loans for her business, which is selling general merchandise. She is a responsible entrepreneur with a very good credit record. She tells us that she used the entire previous loan for her business, in order to be able to offer her clients a variety of products. Currently she is asking for a loan to purchase products such as slippers, clothing, shoes, and other orders she already has.
View original language description ↓
Maria Isabel es una emprendedora que se le apoyado con el financiamiento para que invierta en su negocio que es la venta de productos varios, en cual es una emprendedora responsable y un record crediticio muy bueno. Ella nos expresa que el crédito anterior invirtió todo en su negocio para poder ofrecerle a sus clientes variedad de productos. Actualmente está solicitando crédito para comprar productos como chinelas, ropas , zapatos y otros encargos que ya tiene.

Previous Loan Details

Maria Isabel is fifty-years-old and has been a merchandise vendor for five years, and over time she has been able to get ahead. Most of her clients demand a wide variety of products. With time she has succeeded in gaining more experience with the business and how to treat her clients. She is s... More from Maria Isabel'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
  • 91
    View loans »
    Nicaragua Loans Fundraising
  • $23,717,850
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Maria Isabel to purchase flip-flops, clothing, shoes, and other orders she already has.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2011
Listed
Jan 8, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012
This photo was used before for a previous loan for Maria Isabel. It was first posted on Kiva on Dec, 2010. Learn More