Marylin De Fatima
Update on Marylin De FatimaMarylin De Fátima is 43 years old, single, and has three children aged 19,21 and 23, who are all studying at university.
She has owned a business selling general merchandise for the past four years. She knows this business very well. Marylin has managed to attract a lot of customers, since they know about the different products she offers them. She is very happy about the progress she has made with the loans, which she was given to improve her business.
She is requesting a loan from us to buy toys, belts, watches, hats, calculators, shoes, perfumes, general clothing, and silver and gold jewelry among other items.
At the moment, she wants to finish building her home, which is already well underway.
Previous Loan DetailsMarylin De Fátima has sold general merchandise for the more than three years that she has been in this business. She has managed to obtain a lot of experience; the majority of her clients know the different products that she offers. The financing that she has been requesting recently is to buy… More from Marylin De Fatima's previous loan »
Fundación Leon 2000This 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.
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