Update on Marlene FranciscaMarlene Francisca is 28 years old. She is single and from Managua, a city located in the central part of the country. In her free time, she really likes to enjoy time with her family. Lamentably, she wasn't able to go to college because of a lack of resources, but she would have liked to have studied social work.
Thanks to her spirit and her will to get ahead, she has an economic activity selling plastic products for household use such as bread boxes, cups, disposable forks, tubs, buckets, jugs, and measuring cups. She spends about 10 hours a day at her business, which is located in one of the city markets. The purpose of the loan is to invest in working capital and stock her plastic selling business so in the near future she can obtain more income.
Marlene is grateful for the help that the Kiva investors offer to people of low income and from poor countries such as Nicaragua so that they can have dignified work.
Gracias a su espíritu y sus ganas de salir adelante tiene por actividad económica la venta de productos plásticos de uso domésticos como paneras, vasos, platos, tenedores descartables, tinas, baldes, pichel, tasas. Ella dedica a su negocio un aproximado de unas 10 horas diaria, y está ubicada en unos de los mercados de la localidad. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de productos plásticos, para que en un futuro no muy lejano pueda obtener mejores ingresos.
Marlene agradece la ayuda de 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 DetailsMarlene, age 27, is single and has no children. In her free time she greatly enjoys listening to music and reading books. Unfortunately, she was not able to attend university for financial reasons. She would have liked to study social work. Thanks to her entrepreneurial spirit and her desire to ... More from Marlene Francisca'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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Success!! The loan was 100% repaid