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Maria De Los Angeles

Update on Maria De Los Angeles

Maria de los Angeles has previously worked with the "Fundacion Leon 2000," having used the financing to augment her products in order to sell them to her customers. During the loan period we offered her, she demonstrated herself to be a responsable person with an unblelmished credit record.

Now she is requesting a loan to buy additional firewood and pigs to offer her customers.
View original language description ↓
Maria De Los Ángeles ya ha trabajado con Fundación león 2000, en el cual la emprendedora ha aprovechado el financiamiento en aumentar su productos para ofrecerle a sus clientes, durante el financiamiento que se le brindo ha demostrado ser una persona responsable y con un record crediticio intachable, actualmente está solicitando financiamiento para comprar leña y cerdos y ofrecerles a sus clientes.

Previous Loan Details

Sra. Maria De Los Ángeles is a single mother of a young child. For the past four years she has been selling firewood and pigs, and is very happy with her business since she is the owner of her location. Maria is always focused on her work and her customers’ requests. She is a hard worker who… More from Maria De Los Angeles'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
  • 70
    View loans »
    Nicaragua Loans Fundraising
  • $23,451,300
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Maria De Los Angeles buy firewood and pigs to sell to her customers.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2012
Listed
Apr 19, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013
This photo was used before for a previous loan for Maria De Los Angeles. It was first posted on Kiva on Jun, 2010. Learn More