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Karen Maria

Update on Karen Maria

Karen Maria is an entrepreneur who sells cosmetics. She has had her business for more than seven years. She is a very responsible and hardworking person. She always pays attention to the products that her customers request. She has two young children in her care. Karen has to get ready early every day in order to prepare her bag and go out to sell powders, lip pencils and glosses, creams, shampoos and perfumes. She is requesting a loan to purchase these products. She dreams about setting up a small store where she wants to expand her inventory.
View original language description ↓
Karen Maria esta emprendedora su actividad es la venta de cosméticos. Hace más de 7 años que tiene el negocio, es una persona muy responsable , trabajadora, siempre está pendiente de lo que sus clientes le solicitan. Ella tiene 2 hijos menores de edad a su cargo, Karen tiene que alistarse temprano todos los días para alistar su bolso y salir a ofrecer polvos, lápiz labial, brillos, cremas, shampoo y perfumes. Es por eso que solicita este crédito para la compra de estos productos. Sueña con establecer una pequeña tienda en donde quiere aumentar su inventario.

Previous Loan Details

Karen María, 37, sells cosmetics. She’s had this business for over 7 years. She is a very self-sacrificing person for she is always watchful of her customers’ requests. She has two minor children in her care. Karen must get ready early every day to arrange her bag and go out to sell compacts,... More from Karen 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
  • 95
    View loans »
    Nicaragua Loans Fundraising
  • $24,749,225
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Karen Maria purchase powders, lip pencils and glosses, creams, shampoos, perfumes and liquid foundation.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2012
Listed
May 14, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2013
This photo was used before for a previous loan for Karen Maria. It was first posted on Kiva on Aug, 2011. Learn More