Update on Maria CristinaMaría Cristina is 27 years old, married, and has two children, 7 and 5 years old. She is originally from León, a place in the western part of the country. María Cristina has worked the grocery store for five years. The grocery store is a small store where they sell edible products and in small quantities such as: coffee packets, shampoo packets, soap, matches, cigarettes, soft drinks, juices, milk, bread, beans, and oil. The business is run in a stationary location.
The business arose out of necessity to earn a living and to help her husband with the household expenses. The financing is needed to invest working capital and fill her store with home products of daily consumption.
María Cristina appreciates the help that Kiva investors provide people with few resources and poor countries like Nicaragua to have a means to make a dignified life.
Previous Loan DetailsMaria Cristina is 25 years old and married. She has one child in her care. Maria's economic activity is a general store. She has operated this business for more than 3 years. In her general store, she offers products such as staple foods, cosmetics, clothing, vegetables, bread and other products of… More from Maria Cristina'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