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Josefa Maritza

Update on Josefa Maritza

Josefa Maritza is 54 years old. She is married and has an adult son who attends the local university. Josefa is originally from the city of León, which is located in the western part of the country. Her business is the sale of meat. She has worked in this activity for 23 years. Her business consists of selling pork, beef, and chicken. The business is located in the local market. Pictured in the photo with Josefa is a client buying meat. Josefa Maritza began the business out of the need to have a source of employment to help with the household expenses. She has already had a loan from the foundation and has shown that she is responsible [in making her payments] on time and properly. Now she needs the financing to invest in working capital and purchase a variety of good quality meat. Josefa Maritza is grateful for the help that the Kiva investors offer to people of scarce resources and poor countries such as Nicaragua to have a means of living with dignity.
View original language description ↓
Josefa Maritza de 54 anos de edad, casada con un hijo mayor de edad, el cual asiste a la Universidad de la localidad. Josefa es originaria de la ciudad de León, lugar que esta ubicado en la zona de occidente del país. Tiene por actividad económica la venta de carne, desde hace 23 anos que se dedica a dicha actividad, actividad que consisten en vender carne de cerdos, res, pollo. El negocio lo tiene ubicado en el mercado de la localidad. En la foto se refleja a Josefa con un clienta la cual esta comprando carne. Josefa Maritza inicio este negocio por la necesidad de tener una fuente de trabajo para ayudar con los gastos del hogar. Ella ya ha tenido crédito con fundación y ha demostrado ser responsable en tiempo y forma. En la actualidad el financiamiento lo necesita para invertir en capital de trabajo e invertir en la compra y venta de carne variada y de calidad. Josefa Maritza agradece la ayuda que los inversionistas kiva les brindan a las personas de escasos recursos y países pobre como es Nicaragua para tener un medio de vida digno.

Previous Loan Details

54 year old Josefa is married and has one child in her care. She runs a butchers in the local market. She has been running this business for 21 years. She started the business to generate income for the household. She has always been very responsible about her repayments, and this is not the fir... More from Josefa Maritza'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
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Josefa Maritza to stock her business with the purchase of a variety of good quality meat.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2012
Listed
Oct 30, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013