Check out other loans that are currently fundraising!
Maria Mercedes

Update on Maria Mercedes

María Mercedes is 44 years old and is a single mother of two children, ages 22 and 15. She is a native of León, Nicaragua, which is located in the western part of the country. She has made a living selling a variety of clothing, such as pants, suits and dresses, skirts, baby clothes and cosmetics, for 13 years. She works 10 hours a day, going from place to place with some 20 kilograms (44 pounds) of products to offer her regular and soon-to-be customers. She already has worked with this institution and has demonstrated responsibility making her payments on time. Her goal for this loan is to increase her working capital and to stock up on supplies to satisfy her customers' demands and take advantage of Christmastime, when sales increase. María Mercedes is grateful for the help Kiva lenders have provided to people with few resources in poor countries like Nicaragua so they have a means to dignified work.
View original language description ↓
María Mercedes de 44 anos de edad, madres soltera con dos hijos de 22, 15 anos de edad, originaria del departamento de León, lugar que esta ubicado en la zona de occidente del país. Ella tiene por actividad económica la venta de ropa variada como pantalones, vestidos, faldas, ropa de niño, cosméticos, ella tiene 13 anos de desempeñar dicha actividad. La rutina diaria de María Mercedes es trabajar unas 10 horas diario de forma ambulante con un peso de unos 20 kg con productos que ofrece a sus clientes fijos y eventuales. Ella ya ha trabajado con fundación y ha demostrado su responsabilidad de pago en tiempo y forma. el objetivo del préstamo es par invertir en capital de trabajo y surtir de mercadería su negocio para satisfacer la demanda de sus clientes y aprovechar la temporada navideña que las ventas se incrementan. María Mercedes 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

María Mercedes is 43 years old and sells general merchandise. She has earned her living in this manner for more than 12 years. The prices of the products that she buys have increased, so she is not able to maintain a variety of merchandise. The reason for this loan is so that she can offe... More from Maria Mercedes'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
  • 65
    View loans »
    Nicaragua Loans Fundraising
  • $25,083,125
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Maria Mercedes to purchase pants, suits and dresses, skirts, baby clothes, and cosmetics.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 9, 2012
Nov 28, 2012
Currency Exchange Loss:
Jun 18, 2013
This photo was used before for a previous loan for Maria Mercedes. It was first posted on Kiva on Dec, 2011. Learn More