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Maria Margarita

Update on Maria Margarita

María Margarita, 46, is married and from one of the districts in Chinandega municipality, a zone located in the west of the country. She has a dependent son and owns a grocery store where she sells basic staple items for the home like basic grains, snacks, frozen goods, cosmetics and low-cost knick-knacks, among others. She also has other types of businesses like: pig sales, milling service and pool tables located at home. She’s been in these businesses for several years now and they’ve helped her get ahead with her children.

This isn’t her first loan. She’s shown herself to be a responsible person who makes her payments as scheduled. She has regular customers she sells to on credit and for cash; she collects payments weekly and bi-weekly.

She will use the loan to buy basic consumer goods to provide better customer service. María is very grateful to Kiva lenders for the support they offer to people of low economic resources.
View original language description ↓
María Margarita 46 años de edad casada originaria de una de las comarcas del municipio de Chinandega zona ubicada en el occidente del país con un hijo aun bajo su responsabilidad, es propietaria de pulperia donde vende productos de consumo para el hogar como: granos básicos, golosinas, productos congelados, cosméticos, chinería entre otros al igual que también tiene otros tipos de negocio como: venta de cerdos, molino y unas mesas de billares ubicados en su casa de habitación, ya son varios años de dedicarse a estos negocios los cuales le ha ayudado para salir adelante junto con sus hijos, no es primer crédito que Maria ha tenido, los cuales ha demostrado ser una persona responsable, cumple con el pago de sus cuotas en tiempo y forma posee clientes fijos y eventuales al igual que ella da al crédito y al contado los cuales recupera semanal y quincenalmente. Con el financiamiento invertirá en la compra de productos de consumo para asi ofrecerle un mejor servicio a sus clientes. Maria agradece mucho el apoyo que los inversionistas Kivas les ofrece a personas de bajos recursos económico

Previous Loan Details

María Margarita, 45, is from the department of Chinandega. She's married and has five children, ages 26, 24, 22, 19, and 14. She's still responsible for the youngest child because he's a student and a minor. María Margarita's economic activities are a store, a mill, pool, and pig sales. Her... More from Maria Margarita'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
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $25,075,600
    Funds lent in using Kiva
  • 25.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Maria Margarita to buy stock merchandise for her store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 28, 2013
Sep 20, 2013
Currency Exchange Loss:
Jan 19, 2014