Update on Claudia MercedesClaudia, 43, is a single mother of an 18-year-old who is finishing high school. She’s from León, a place located in the west of the country. She’s noted for being hardworking and responsible with a strong drive towards self-improvement. She very much enjoys spending her free time with her son and spending quality time with him. Unfortunately, she was unable to attend university for lack of economic resources and she had to start working at a young age.
Thanks to her effort and drive to get ahead her economic activity is selling cosmetics and perfume, an activity she carries out from place to place carrying a bundle that weighs about 20 kilos to sell her wares to regular and occasional customers. She spends about 8 hours daily at work.
The loan’s objective is to invest in working capital to stock up on such things as eye shadow, blush, lipstick, eyeliner, perfume and body creams so that in the not too distant future she will be able to earn higher income. Claudia thanks Kiva lenders for their support of people of scarce resources so they can have a dignified way of earning a living.
Gracia a su esfuerzo y sus ganas de salir adelante tiene por actividad económica la venta de cosméticos y perfumes, actividad que la desempeña de forma ambulante cargando un bulto de unos 20 kg para poder distribuir su mercadería a clientes fijos y eventuales. Ella dedica a su actividad unas 8 horas diaria, ofreciendo sus productos. El objetivo del crédito es invertir en capital de trabajo y surtir su mercadería con productos como: sombras de ojos, rubor, lápiz labial, lápiz de ojos, perfumes, crema de cuerpo, para que en un futuro no muy lejano pueda obtener mejores ingresos. Claudia agradece la ayuda de los inversionistas kiva a personas de escasos recursos para tener un medio de trabajo digno.
Previous Loan DetailsClaudia Mercedes is 41 years old. She sells general merchandise. She’s been in business more than 8 years. She has a 15-year-old son in her care. She started the business to sell products ordered from her various customers. Claudia is a very enterprising woman despite the various problems sh... More from Claudia Mercedes'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
- Repayment Term
- 15 months (Additional Information)
- Repayment Schedule
- May 31, 2013
- Jun 19, 2013
- Currency Exchange Loss:
- Mar 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.