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Update on Mercidia

Mercidia, age 61, is married and has six children, ages 30, 32, 38, 40, 43, and 44. All of them work. She has a business selling general merchandise like new clothes, shoes, and cosmetics, among others. She works with one of her children, who goes out to sell in the departments.

With great effort and the desire to succeed, Mercidia has managed to overcome obstacles she has encountered in her life. She sells her products in an itinerant manner. She sells for cash and for credit, and she collects weekly and biweekly.

She wishes to continue growing in her business, and with the help of the loan she will continue investing. The loan is to buy pants, shirts, skirts, t-shirts, outfits for boys and girls, and other clothing. She will also buy school supplies like pencils, notebooks, erasers, and backpacks, among others.
View original language description ↓
Mercidia tiene 61 años de edad casada con seis hijos 30,32,38,40,43 y 44 de edad los cuales todos trabajan ella es propietaria de un negocio que consiste en la venta de mercadería en general como es la venta de ropa nueva, calzados, cosméticos entre otros ella trabaja en compañía de uno de sus hijo que sale a vender a los departamentos, mercidia con muchos esfuerzos y deseo de superación ha logrado sobresalir en algunos obstáculos que se le han presentado en el transcurso de la vida, ella vende sus productos de forma ambulante y da al contado y al crédito, los cuales recupera semanal y quincenal ella desea continuar creciendo en su negocio y con la ayuda de financiamiento continuara invirtiendo. El financiamiento es para la compra de pantalones camisas, faldas, camisetas, trajes para niños y niñas y ropa de vestir, artículos escolares como: lápiz, cuadernos, borradores, mochilas entre otros

Previous Loan Details

Mercidia, 60, sells new clothes. What affects her is not having enough working capital to invest more. One of her greatest challenges has been her illness which often keeps her from being able to go out to sell. She doesn’t have much competition in her business because she’s a street vendor. ... More from Mercidia'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
  • 94
    View loans »
    Nicaragua Loans Fundraising
  • $25,011,000
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Mercidia to buy clothes and school supplies to sell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jan 18, 2013
Jan 27, 2013
Currency Exchange Loss:
Apr 16, 2014