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Sandra Maria

Update on Sandra Maria

Sandra, 38 years old, is married with two minor children, who are 14 and 9 years of age. They are both in school. She is a native of La Paz Centro, a place located in the western part of the country. La Paz Centro is an area known for handicrafts made from clay.

Sandra has been selling clothing and cosmetics for the past five years. Her business consists of selling pants, shirts, sports shirts, skirts, shorts, blouses, underwear and cosmetics. She has already worked with Fundación Leon and has proven her sense of responsibility by making her payments in full and on time.

The objective of this loan is to have working capital and stock her business so that she can take advantage of the Christmas season when sales increase. Sandra’s routine is to work some 10 hours with a bundle of approximately 20 kg. of clothing. She is a street vendor with both sporadic and permanent customers.

Sandra is grateful for the help the Kiva lenders have given to poor countries such as Nicaragua and to people with limited resources, so they will have a decent means of livelihood
View original language description ↓
Sandra de 38 años de edad, casada con dos hijos menores de edad de 14, 9 años los cuales está estudiando. Ella es originaria de la Paz Centro, lugar que está ubicado en la zona de occidente del país. La Paz Centro se caracteriza por ser una zona que se destaca en su artesanía elaborado de barro. Esta señora tiene por actividad económica la venta de ropa y cosméticos. Desde hace 5 años que se dedica a dicha actividad. El negocio consiste en vender pantalones, camisas, camisetas, faldas, short blusas, ropa interior, cosméticos. Sandra ya ha trabajado con fundación y 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 y aprovechar la temporada navideña donde las ventas se incrementan. La rutina de Sandra es trabajar unas 10 horas con un bulto de unos 20 kg ofreciendo su mercadería de forma ambulante a clientes fijos y eventuales. Sandra 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

Sra. Sandra Maria has been selling clothes for four years. She has always kept working in order to maintain her independence. Sandra took the initiative to start her business and has invested much effort and sacrifice in order to get ahead. Her mother taught her how to be humble while earning ... More from Sandra 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
  • 154
    View loans »
    Nicaragua Loans Fundraising
  • $24,072,325
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Sandra Maria to stock her business with merchandise such as pants, shirts, sports shirts, skirts, shorts, blouses, underwear and cosmetics.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2012
Listed
Dec 17, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2014
This photo was used before for a previous loan for Sandra Maria. It was first posted on Kiva on Jun, 2011. Learn More