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Martha Lorena

Update on Martha Lorena

Martha Lorena, 32, married, 4 children, is a hardworking person. She has been selling general merchandise for ten years and started her business due to the need for an income for her family since jobs were scarce.

Currently Martha’s customer base has grown thanks to the good, responsible service she provides her clients and to the support she has received with funding from Leon 2000 and Kiva so that she can move her business forward. She is requesting funding now to purchase products such as pants, shirts, towels, sheet sets, kimonos, pajamas, underwear, shorts and camisoles among other items.
View original language description ↓
Martha Lorena de 32 años de edad, casada, 4 hijos esta emprendedora tiene por herramienta de trabajo la venta de mercaderia en general, desde hace dies años que se dedica a dicha actividad, la cual inicio por la necesidad de tener un ingresos para su familias, ya que los trabajos eran escasos, en la actualidad Martha a crecido en su clientela gracias a su buen servicio y responsabilidad con sus clientes y el apoyo que Leon 2000 y el programa kiva le brindan con los financiamiento para sacar adelante su negocio, el fianciamiento lo esta solicitando para compra productos como: pantalones, camisas, toallas, juegos de sabanas, kimonas, pillamas, ropa interior, short, camisolines, entre otros.

Previous Loan Details

Martha Lorena is 30. She sells general merchandise. She has had this business for over 10 years, and she started it out of the need to obtain a source of income. Martha has 4 children ages 14, 12, 10 and 3 for whom she provides. The requested loan will be invested in her business: in general item... 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

  • $3,636
    Average annual income
  • 119
    View loans »
    Nicaragua Loans Fundraising
  • $24,398,100
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Martha Lorena to purchase pants, shirts, towels, sheet sets, kimonos, pajamas, underwear, shorts and camisoles, among other items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 5, 2012
Listed
Jul 27, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013
This photo was used before for a previous loan for Martha Lorena. It was first posted on Kiva on Aug, 2011. Learn More