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Martina Esperanza

Update on Martina Esperanza

Martina Esperanza, 62 and married with five grown children, runs a grocery store in her home. She started her business 35 years ago to generate extra income besides that earned by her husband, who is a photographer. She has demonstrated that she is responsible in her previous loan cycle with the institution. They will buy products for daily consumption such as oil, eggs, cacao and pinole drinks, cream, sugar, bread, soft drinks, vegetables, and so forth.
View original language description ↓
Martina Esperanza de 62 años edad casa con cinco hijos mayores tiene por actividad economica una pulperia ubicada en su casa de habitacion , desde hace 35 años, inicio este trabajo como una oportunidad de tener un ingreso extra ademas de su esposo que se desempeña como fotografo, ya ha tenido credito con fundacion el cual ha demostrado su responsabilidad, pretenden invertir en productos de consumo diario como: aceite, huevos, tiste, pinol, crema, azucar, pan, gaseosas, verduras entre otros.

Previous Loan Details

Martina Esperanza is 62 years old and runs a small grocery store. She has owned her business for more than 16 years and is always working to keep it running. She started out with the help of her mom who taught her the business so that she could get her family ahead in life. Through a great dea... More from Martina Esperanza'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
  • $24,742,900
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $1,125 helped Martina Esperanza to buy oil, eggs, cacao and pinole drinks, cream, sugar, bread, soft drinks, vegetables, and so forth.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2012
Listed
Jul 9, 2012
Currency Exchange Loss:
Possible
Expired:
Aug 8, 2012