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Xochilt Maria

Update on Xochilt Maria

Xochilt, 30, is married and has two children who are 7 and 3 years of age and attend a local school. She’s from the municipality of Nagarote, a place located in the western part of the country. Xochilt’s economic activity is a hardware store located in a specific place in town; it consists in selling building materials and supplies like screws, pc tubing, wires, hinges, hammers, saws, wrenches, padlocks, pliers, shovels, wheelbarrows, etc. She’s been in business 7 years and has been responsible with payments making them as scheduled. The objective of the loan is to invest in working capital and tock her business to acquire more customers and higher income. Xochilt is grateful for the help Kiva lenders provide people of scarce resources and to poor countries like Nicaragua so that ways of earning a living with dignity are possible.
View original language description ↓

Xochilt de 30 anos de edad, casada con dos hijos de 7 y 3 anos los cuales asisten a clases al colegio de la localidad. Ella es originaria del municipio de Nagarote, lugar que esta ubicado en la zona de occidente del país. Xochilt tiene por actividad económica una ferretería ubicada en un lugar especifico de la localidad, el negocio consiste en vender materiales de construcción como , tornillos, tubo pc, alambres, bisagras, martillos, serruchos, llaves de pase, candados, alicates, palas, carretillas. Ella tiene 7 anos de tener el negocio. Xochilt 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 para obtener más clientela y mejores ingresos. Xochilt agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

Xochilt Maria is a cheerful and enterprising individual. She sells ceramic tiling and enjoys being in this type of business. This is not the first time she has received financing in order to improve her business. Most of her customers know her because she offers good service. Xochilt Maria is... More from Xochilt Maria'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
  • 146
    View loans »
    Nicaragua Loans Fundraising
  • $24,067,475
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Xochilt Maria to buy stock merchandise for her hardware store.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2012
Listed
Nov 28, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014
This photo was used before for a previous loan for Xochilt Maria. It was first posted on Kiva on Aug, 2011. Learn More