Check out some available loans that are similar to this one!
Mabel Roxana

Update on Mabel Roxana

Mabel Roxana, 26, is single and has a minor son. Her economic activity is making and selling crafts. Her business is located at home and she also sells to order. The business consists in manufacturing clay objects (jugs, kitchen decorations, vases, rag dolls, giant figures, and sets of living room decorations, among others). She needs the loan to invest in working capital to increase her business and meet customer demand.
View original language description ↓
Mabel Roxana de 26 años de edad, soltera con un hijo menor de edad, tiene por actividad económica la elaboración y comercialización de artesanía, el negocio lo tiene ubicado en su casa de habitación y por pedido, el negocio consiste en elaborar productos de barro (jarrones, adornos de cocina, floreros, muñecos de trapos, gigantonas, juegos de adornos de sala, entre otros. El financiamiento lo necesita para invertir en capital de trabajo y así incrementar su negocio atreves de la demanda de sus clientes.

Previous Loan Details

Mabel, age 25, sells handicrafts. She has had this business for over five years. She is an enterprising woman who looks for the way to support her family. She has one minor child under her care. She gets up very early to make some finishing touches on her handicrafts. The place where she w... More from Mabel Roxana'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
  • 93
    View loans »
    Nicaragua Loans Fundraising
  • $24,760,950
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mabel Roxana to buy crafts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 1, 2012
Listed
Aug 14, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013
This photo was used before for a previous loan for Mabel Roxana. It was first posted on Kiva on Aug, 2011. Learn More