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Maria Esperanza

Update on Maria Esperanza

Maria Esperanza sells general merchandise. She is an entrepreneur who has striven to run her own activity, and her current goal is to keep her store well-supplied with a variety of products. This is not her first loan: she invested the previous one in the purchase of products for her shop according to her customers’ requests. Maria Esperanza is now requesting a loan to buy products such as clothes, shoes, shirts, children's clothes and cosmetics among other products.
View original language description ↓
Maria Esperanza su negocio al que ejerce es a la venta de mercadería en general, es una emprendedora que ha luchado por tener su propio negocio, sus metas es ahora de tener bien surtido su negocio de variedad de mercadería, no es su primer crédito, el anterior lo ocupo para invertir en el negocio en la compra de mercedaria que le estaban solicitando sus clientes. Maria Esperanza está solicitando financiamiento para comprar mercadería ropa, zapatos, camisas, ropa para niños, cosméticos entre otros productos.

Previous Loan Details

Maria Esperanza sells general merchandise. This is not the first time that she has requested loans; they have been a big help. She started her business approximately seven years ago with help from an aunt. She started selling underwear and children’s clothes. She has always demonstrated… More from Maria Esperanza'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
  • 175
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Maria Esperanza to buy clothes, shoes, shirts, children's clothes and cosmetics among other products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2011
Listed
Jan 22, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2013
This photo was used before for a previous loan for Maria Esperanza. It was first posted on Kiva on Dec, 2010. Learn More