Update on Maria EugeniaMaría Eugenia is a married, 32-year-old mother of a 14-year-old boy. She originates from the Nagarote municipality, which is located in the occidental area of the country. A highlight of Nagarote is that it was declared the cleanest municipality at the department level. It’s also famous for its local food, like “quesillo” (cheese tortillas), tiste (cocoa and corn drink) and crafts. María Eugenia sells quesillos, which are some of the typical foods of this area and are made from tortillas, onions, cream and chillies. The routine of this hard-working woman is to get up every day and go out and sell these quesillos by foot, with about 40kg of weight on her head, under the hot sun. This has been her daily life to raise her son and help with the household expenses.
María Eugenia is requesting a loan in order to have business capital and to buy the ingredients for her quesillos, like tortillas, onions, cream, chilli, cheese. She is grateful for the help the Kiva investors give those with limited recourses and poor countries like Nicaragua in order to have sources of dignified work.
Previous Loan DetailsMaria Eugenia, 31, sells "quesillos" (cheese tortillas) for a living. She has been in business for over seven years and enjoys what she does. Maria is a very responsible person and dedicates a lot of time to her work. She gets up early every morning to sell her products with enthusiasm in orde... More from Maria Eugenia'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