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Maria Dolores

Update on Maria Dolores

María Dolores is an entrepreneur and runs a small grocery store in her home. She has two minor children that she cares for. Her store opens its doors early so that her customers can buy a variety of products. She has demonstrated that she is responsible and hard-working. The loan that she needs will be used to buy daily-use products for the home such as bread, juice, detergents, canned foods, soups, basic grains and soft drinks.
View original language description ↓
María Dolores esta emprendedora tiene por actividad económica una pulpería ubicada en su casa de habitación tiene dos hijos bajo su cargo, Su pulpería abre sus puertas desde muy temprano para el público que llega a comprar la variedad de productos que ofrece, en la actualidad ha demostrado ser responsable, trabajadora, el financiamiento lo quiere para comprar productos de consumo diario del hogar como : pan, jugos. Detergentes, enlatados, sopas, granos básicos y gaseosas.

Previous Loan Details

Maria Dolores owns a grocery store. She has been in business for over 28 years. She has 2 young children to support. Her store opens very early so that her customers can buy the variety of products on offer. Every day Maria seeks ways to get on and improve her quality of life. These are the reaso... More from Maria Dolores'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
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,558,975
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Maria Dolores to buy bread, juice, detergents, canned goods, soups, basic grains, and soft drinks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2012
Listed
Jun 13, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013
This photo was used before for a previous loan for Maria Dolores. It was first posted on Kiva on May, 2011. Learn More