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Silvia Maria

Update on Silvia Maria

Silvia María is married and has three children. She lives in Chinandega, in the western part of the country.

Silvia makes a living selling general merchandise such as clothing for children and adults, cosmetics, shoes, gold jewelry, silver, knick knacks, decorations, etc. She makes her purchases in Managua, the capital of the country, and sells to vendors in León and Chinandega. She has steady and occasional customers. She leaves the majority on credit and collects biweekly and weekly.

All her merchandise is in accounts receivable because she delivers most of it to her regular customers. This is why her demand has increased, because of the good prices she offers her customers and the excellent quality of the merchandise.

Silvia's very grateful to the Kiva lenders because she has managed to keep on improving her home and giving her children a better life. She gets up very early and goes out to deliver merchandise. She's also recovering her earnings.

Silvia's requesting this loan for working capital to increase her business more and to offer her customers new products.
View original language description ↓
Silvia Maria casada con tres hijos, del domicilio de Chinandega ubicado en el occidente del pais, silvia se dedica a la venta de mercaderia en general venta de ropa como:ropa juvenil, adultos, cosmeticos, zapatos, prendas de oros, plata, chinerias, adornos entre otros ella realiza sus compras en Managua capital, vende a comerciantes de Leon Y chinandega tiene clientes fijos y eventuales la mayor parte las da a credito y las recupera quincenal y semanalmente, toda su mercaderia siempre esta en cuentas por cobrar ya que ella entrega la mayor parte a sus clientes fijos debido a esto es que su demanda ha incremantado ya que ella ofrece buenos precios a sus clientes y excelente calidad de mercaderia, Silvia esta muy agradecidas con los inversionistas kivas ya que ellos ha logrado ir mejorando su vivienda y dandole una mejor vida a sus hijos, ella desde muy temprano se levanta y se va a entregar mercaderia y a la misma vez va recuperando su ganacias. Silvia esta solicitando este credito para capital de trabajo para incrementar mas su negocio y asi ofrecerle nuevos productos a sus clientes.

Previous Loan Details

Silvia Maria has been selling general merchandise for 23 years. She is happy to be able to use the loan to buy greater volumes of varied merchandise, at discount cost, so she can offer better prices to customers. This will help her gain a better market position within her sector. Silvia gives ... More from Silvia 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

  • $4,800
    Average annual income
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $25,075,600
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Silvia Maria to buy clothing, shoes, cosmetics, and other merchandise.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 18, 2013
May 8, 2013
Currency Exchange Loss:
Dec 17, 2013