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Maria Gladys

Update on Maria Gladys

María Gladys is 53 years old, married and has three adult children. She is from the city of León, a place located in the western area of the country. María Gladys' work is the sale of general merchandise, a business which consists of the purchase and sale of clothing such as pants, shirts, skirts, underwear, sleepwear and shoes. María Gladys has had this business for 17 years, and it is located in a permanent location in the city.

In her previous loans, she showed herself to be responsible by paying in a timely way. The purpose of the loan is to invest in working capital and stock her store with a variety of clothing articles.

She is grateful for the help that the Kiva investors provide to low-income people, and to poor countries such as Nicaragua, so that people can have a decent livelihood.
View original language description ↓
María Gladys de 53 anos de edad, casada con tres hijos mayores de edad, de la localidad del León, lugar que esta ubicado en la zona de occidente del país. María Gladys tiene por actividad económica la venta de mercadería en general, negocio que consiste en la compra de ropa como: pantalones, camisas, faldas, ropa interior, ropa de cama, zapatos. María Gladys tiene 17 anos de tener el negocio, el cual lo tiene ubicado en un lugar específico de la localidad. La Sra. en los créditos anteriores ha demostrado su responsabilidad de pago en tiempo y forma. El objetivo del préstamo es para invertir en capital de trabajo y surtir su negocio con prendas de vestir variada. María Gladys agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

Maria Gladys is 58 years old. She is a very hard-working and entrepreneurial lady who has followed her dream of owning her own business selling general merchandise. She has achieved this and has managed to provide for her children through a lot of hard work. Maria Gladys started this business ... More from Maria Gladys'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
  • 82
    View loans »
    Nicaragua Loans Fundraising
  • $25,447,400
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Maria Gladys to have working capital and to restock her merchandise with varied clothing such as pants, shirts, skirts, underwear, sleepwear, and shoes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 16, 2012
Nov 28, 2012
Currency Exchange Loss:
Dec 17, 2013
This photo was used before for a previous loan for Maria Gladys. It was first posted on Kiva on Jan, 2012. Learn More