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Mayra Concepcion

Update on Mayra Concepcion

Mayra Concepcion is thirty-six years old and married, and operates a beauty salon. She has had this business for more than 9 years. She has always been very enterprising and she is happy to have a way to provide income for her household. She has 2 minor children in her charge. Mayra has been able to maintain her work tools and provide quality service to her clients. This loan is to buy combs, oils, treatments, flat irons, dryers, shampoo and other products. She would like to buy her own house since she rents.
View original language description ↓
Mayra Concepción casada de treinta y seis años de edad tiene por actividad económica brindar los servicios de sala de belleza. Tiene más de 9 años en este negocio, pues siempre le ha gustado ser una persona muy emprendedora y se siente contenta al tener un medio de ingreso para su hogar. Tiene 2 hijos menores de edad a su cargo, en la actualidad Mayra ha sabido mantener su herramienta de trabajo dando servicio de calidad a sus clientes Este crédito es para la compra de peines, cepillo, aceites, tratamientos, planchas, secadoras, shampoo entre otros productos. ella desea comprar su propia casa ya que alquila.

Previous Loan Details

Mayra Concepción is 36 years old; she works in a beauty parlor. She has worked on her business for over 8 years since she has always enjoyed being a very enterprising person and feels very happy having a mode of income for her home. She has 2 underage children under her care and they have taught ... More from Mayra Concepcion'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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Mayra Concepcion to buy combs, brushes, oils, treatments, flat irons, dryers, shampoo and other products. She hopes to buy her own home since she rents.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2012
Listed
Jun 6, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013
This photo was used before for a previous loan for Mayra Concepcion. It was first posted on Kiva on May, 2011. Learn More