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Elda Maritza

Update on Elda Maritza

Elda Maritza has had a business selling general merchandise for 9 years. She is requesting a loan to invest in improvements to her house, because she has wanted to do this for 5 years but has lacked the money. She needs a loan so that she can buy construction materials such as: sheets of corrugated metal roofing material, cement, nails, saw timber, paints, cements blocks, and other construction materials.
View original language description ↓
La señora Elda Maritza tiene 9 años con su negocio de venta de mercadería en general. Esta solicitando un préstamo para poder invertir en las mejoras de su casa ya que tiene cinco años de querer hacer pero por falta de dinero no lo había hecho , el financiamiento lo quiere para comprar material de construcción como : zinc, cemento, clavos, alfajillas, pinturas, bloques entre otros..

Previous Loan Details

Elda Maritza has had her business selling general merchandise for 8 years. She is asking for a loan to be able to invest n merchandise such as shoes, women's beauty accesories, treatments, ornaments, and seasonal clothes. She is lacking these products and her customers are asking for her to have it… More from Elda Maritza'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $3,636
    Average annual income
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $23,416,850
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $1,075 helped Elda Maritza to buy construction materials such as: sheets of corrugated metal roofing material, cement, nails, saw timber, paints, cements blocks, etc.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2012
Listed
Jun 7, 2012
Currency Exchange Loss:
Possible
Expired:
Jul 7, 2012