Update on Maria MercedesMaria Mercedes is 34 years old and married with three dependent children whom are all in school. She works selling general merchandise, which she has 15 years of experience doing. Her work is located in her house. The loan she is requesting will be used to invest in general merchandise to sell: pants, dresses, skirts, t-shirts, underwear and footwear, among other items.
Maria Mercedes has already received loans with Leon 2000, which has proved her to be capable, responsible and honest to pay back. These loans have allowed her to fulfill a part of her dreams and personal goals of finishing the construction of her house to give her children safety and stability.
Previous Loan DetailsMaría Mercedes, 32, is a young woman selling general merchandise. She’s been in business over 7 years and has always enjoyed it. She started thanks to her husband. With profits he earned they started buying a few products and continued to obtain more each day. She has three children in her care… More from Maria Mercedes's previous loan »
Fundación Leon 2000This 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.
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Success!! The loan was 100% repaid