Update on Maria VilmaMaría Vilma is older, with two adult children, and lives in the Chinandega District of western Nicaragua. She butchers pigs and sells delicious foods, including Nicaraguan-style tamales, pepenas [a regional style of taco], pork dishes, pork rinds, and other fried foods. María has always been very industrious and started working very young to support her children and provide them with a better future. María butchers pigs twice a week, purchasing the animals at local markets and selling the foods she prepares in local markets.
María is requesting funds for improvements to her home: installation of a roof and doors, and plaster for the walls. She's wanted to make these repairs since she bought the house, but has lacked the funds to pay for them.
This is not María first loan, and she's proven her reliability by making full and timely payments in the past. María's dream is to finish the work on her home and live under a full roof. She plans to use this loan to purchase construction materials, including purlines, metal roofing material, cement, lime, sand, gravel, and nails. María is grateful for the help of Kiva lenders to people with limited financial means in countries such as Nicaragua, who face so many challenges.
Previous Loan DetailsMaría Vilma is 62 years old and her activity is butchering pigs, a business she learned from a family member who taught it to her. She went into this business in because she needed to generate family income and support her son. María Vilma is an entrepreneur who has known how to get ahead her... More from Maria Vilma'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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