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Martha Lorena

Update on Martha Lorena

Martha Lorena is an entrepreneur who worked hard to set up a business selling tortillas, baked beans and coffee. This entrepreneur carries out her business as an itinerant vendor and also serves her customers from her home. She travels around the markets in her town to offer her products for sale. Martha Lorena has already received loans from Fundación León 2000. She is a very responsible entrepreneur who has a desire to continue making progress in both her business and her personal life. Martha Lorena is requesting a new loan to buy more products for her business. She will buy coffee, corn, lime and beans to offer her customers.
View original language description ↓
Martha Lorena es una emprendedora que con mucho esfuerzo emprendió su negocio de la venta de tortilla, frijoles cocidos, café esta emprendedora su actividad la realiza de forma ambulante y también en su casa de habitación atiende a sus clientes, ella recorre los mercados de la localidad para ofrecer su producto. Martha Lorena ya ha tenido crédito con Fundación León 2000, lo cual es una emprendedora que es muy responsable y con deseos de superación cada día con su negocio y en lo personal. Martha Lorena está solicitando nuevamente financiamiento para comprar más producto para el negocio lo cual comprara café, maíz, cal, frijoles para brindarle a sus clientes.

Previous Loan Details

Martha Lorena is 45 years old. She sells tortillas, cooked beans and coffee. She’s been in this business for over three years. She started out at it as an alternative job. Her business is located in her humble abode since she started it on her own because previously she did not work and needed… More from Martha Lorena'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
  • 177
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 23.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Martha Lorena to buy coffee, corn, lime and beans.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2012
Listed
Feb 13, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012
This photo was used before for a previous loan for Martha Lorena. It was first posted on Kiva on Jul, 2011. Learn More