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Clara Maria

Update on Clara Maria

Clara Maria is a businesswoman who has worked hard throughout her life to get ahead and support her family. She partners with Fundación León 2000 and has used the opportunity to buy more stock for her business and thus offer her customers a wide variety. Clara Maria is now seeking a loan to buy pants, shirts, sandals, blouses, skirts etc.
View original language description ↓
Clara Maria es una emprendedora que toda su vida ha luchado por salir adelante y buscar el alimento de su familia, esta emprendedora ya ha venido trabajando con Fundación León 2000, aprovechando la oportunidad y ha aumentado su mercadería para ofrecerles a sus clientes variedad. Actualmente la emprendedora está solicitando financiamiento para comprar productos como pantalones, camisas, sandalias, blusas, faldas, entre otros productos.

Previous Loan Details

Clara María is 35 years old. She is a very hard working woman who very much wants to move her family forward. She sells general merchandise like pants, cosmetics, footwear and other products. Most of her customers always request variety so she must find ways to please them. Because of this ... More from Clara Maria'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

  • $4,800
    Average annual income
  • 134
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Clara Maria pants, shirts, sandals, blouses, skirts etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2012
Listed
Apr 23, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2014
This photo was used before for a previous loan for Clara Maria. It was first posted on Kiva on Jul, 2011. Learn More