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Martha Lorena

Update on Martha Lorena

Martha Lorena, 33, is married and has two minor children. Her economic activity is selling general merchandise. She’s been in business 6 years. She sells from place to place. She buys merchandise like underwear, shirts, pants, shorts, blouses, t-shirts, sandals, sheets and towels, among others. She’s shown herself to be responsible, hardworking and with enough solvency to be able to pay. She needs the loan to invest in merchandise to satisfy customer demand.
View original language description ↓
Martha Lorena, de 33 años de edad, casada con dos hijos menores, tiene por actividad económica la venta de mercadería en general, el tiempo de tener el negocio 6 años, el negocio lo tiene de forma ambulante y consiste en la compra de mercadería como: ropa interior, camisas, pantalones, short, blusas, camisetas, sandalias, sabanas, toallas, entre otros. En la actualidad ha demostrado ser responsable, trabajadora, con solvencia de pago, el financiamiento lo necesita para invertir en mercadería para satisfacer la demanda de sus clientes.

Previous Loan Details

Martha Lorena is 33 years old. She works selling general merchandise. She's owned her business for 5 years. Martha has to use her own funds every day to start offering different products to her wide range of clients. With the proceeds from the product sales she tries to cover all her expenses and... More from Martha Lorena'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
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,738,100
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Martha Lorena to buy clothes and other merchandise to resell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 3, 2012
Listed
Jul 12, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013