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Maritza Felicita

Update on Maritza Felicita

Maritza, age 58, is single and has three adult children. Her business activity is selling used replacement parts. She has 19 years of experience in the business.

This is not the first loan she has had for her business, and they have been a big help.

This loan is to buy tires, used replacement parts for vehicles, and tools, among other things.
View original language description ↓
Maritza tiene 58 años. Soltera con tres hijos mayores tiene por actividad económica es la venta de repuestos usados. El cual cuenta con una experiencia de 19 años Esta no es la primera vez que realiza financiamientos para su negocio pues han sido de gran ayuda. Este crédito es para la compra de llantas, repuestos usados para vehículos, herramientas entre otras cosas.

Previous Loan Details

Maritza is 58 years old and has a business selling used parts. This is not the first time she has received financing and the loans have been a great help to her business. Maritza has been in this business for more than eighteen years and it has been difficult to get ahead due to all the things ... More from Maritza Felicita'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 $450 helped Maritza Felicita to buy tires, used replacement parts for vehicles, and tools, among other things.
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