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Julia Mercedes

Update on Julia Mercedes

Julia Mercedes is 50 years old, married and has three children. She is from one of the municipalities of Chinandega, in the west of the country.

Julia is an enterprising woman who has succeeded in moving her family forward. She works buying and selling general merchandise like: children's and adults clothing, cosmetics, chinoiserie, gold and silver jewelry among others. She buys in cash from wholesale markets, she makes cash and credit sales, and collects fortnightly and weekly. She has fixed and temporary customers and she sells her products to workers at the mills who have become good customers of hers and their orders have increased.

The purpose of this loan is to invest in capital like: buying trousers, undergarments, shoes, cosmetics among others. Julia is very grateful to the Kiva investors for the support they offer to people with limited financial resources.
View original language description ↓
Julia Mercedes 50 años de edad casada con tres hijos, originaria de uno de los municipios de Chinandega ubicado en el occidente del país, Julia es una mujer emprendedora, que logrado sacar adelante a su familia, se dedica a la compra y venta de mercadería en general como: ropa de niños y adultos, cosméticos, chinerías, prendas de oros, plata, entre otros, sus compras las realiza en mercados de mayoreos al contado, sus ventas son al contado y al crédito las cuales las recupera quincenal y semanal, tiene clientes fijos y eventuales ella vende sus productos a trabajadores de los ingenios los cuales se han hecho buenos clientes de ella y sus pedidos ha incrementado, el objetivo de este crédito es para invertir en capital de trabajo como: compra de pantalones, ropa interior, zapatos, cosméticos entre otros. Julia está muy agradecida con los inversionistas Kivas por el apoyo que ellos les ofrece a personas de bajo recursos económicos.

Previous Loan Details

Julia Mercedes is 49 years old, married and has four adult children, ages 28, 27, 25, and 22. Her business consists of selling basic grains and general merchandise that included: clothing, cosmetics, various decorations of all sizes, undergarments, and other things. She has had this business fo... More from Julia Mercedes'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
  • 81
    View loans »
    Nicaragua Loans Fundraising
  • $25,384,750
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $650 helped Julia Mercedes to buy merchandise in general, children's and adult's clothing, chinoiserie, cosmetics, gold jewelry, among others.
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 30, 2013
Jun 6, 2013
Currency Exchange Loss:
Jul 6, 2013