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Irma Marina

Update on Irma Marina

Irma is 32 years old and the single mother of three children, ages 14, 10, and 6. Irma is originally from Sauce, a place located in the northern area of the country. Irma has been raising and selling pigs out of her home for six years. She started this business because she needed a source of income to be able to help with the household expenses.

Irma has proven her responsibility to repay her previous loans on time. Her objective for this loan is to invest in her business by buying land and pigs to rise and sell. Irma is grateful to the Kiva investors who help people with limited resources in poor countries like Nicaragua so that they will have sources of dignified work.
View original language description ↓
Irma de 32 anos de edad, madre soltera con tres hijos menores de edad de 14, 10,6 anos. Irma es originaria del Sauce lugar que esta ubicado en la zona norte del país. Irma tiene por actividad económica la crianza y venta de cerdo desde hace 6 anos, negocio que esta ubicado en su casa de habitación. El negocio surgió por la necesidad de tener una fuente de ingreso para ayudar con los gastos del hogar. Irma ha demostrado su responsabilidad de pago en tiempo y forma en los créditos anteriores. El objetivo del préstamo es para invertir en capital de trabajo y surtir su negocio en la compra de un lote de cerdos para la crianza y venta. Irma agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener fuentes de trabajo digno.

Previous Loan Details

Irma Marina is 22 and raising three children. She raises and sells hogs, and started this business, despite having little experience, in order to have an income and support her family. She now has five years' experience in this business and has been able to succeed through great hard work. Irma M... More from Irma Marina'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
  • 96
    View loans »
    Nicaragua Loans Fundraising
  • $24,749,225
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Irma Marina to buy land and pigs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2012
Listed
Nov 28, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Irma Marina. It was first posted on Kiva on Nov, 2011. Learn More