Update on Rosa MariaRosa Maria, 64, is married and has 5 grown children. She lives in the municipality of Malpaisillo, and is known to be a hardworking and responsible person who has a desire for personal success. She has a business butchering pigs and selling livestock. Rosa Maria's routine is to go out to buy pigs in the outlying communities that she can slaughter so that she can sell pork products, including: meat, pork rinds, fried pork skin, fried pork, marinated pork, fried pork bits, and pig's blood sausage. These are all traditional dishes in this region.
Rosa Maria works in her business 8 hours a day, and she carries out the food preparation in her home. She needs this loan to buy live pigs so that in the near future she can have more income. Rosa Maria is grateful for the help that the Kiva lenders are providing to low-income people in poor countries like Nicaragua.
Rosa María de 64 años de edad, casada con 5 hijos mayores de edad, del municipio de Malpaisillo, se caracteriza por ser trabajadora, responsable, con ganas de superación personal. Tiene por actividad económica destace de cerdos y venta de ganado, La rutina de Rosa María es salir a comprar cerdos en las comunidades aledañas para comprar cerdos y destazarlo y vender los productos derivados del mismo como: la carne, chicharon, charrasca, frito, adobado, chingaste, moronga. Comida típica de la región .Ella dedica a su actividad unas 8 horas diarias. Actividad que la desempeña en su casa de habitación. El financiamiento lo necesita para comprar cerdos en pie para que en un futuro no muy lejano pueda obtener mejores ingresos. Rosa María agradece la ayuda que le brindan los inversionistas kiva a personas de escasos recursos y países pobre como es Nicaragua.
Previous Loan DetailsRosa María, 63, is married and has five adult children, and lives in the town of Malpaisillo. For 20 years she has been in business as a pork butcher. Rosa María buys pigs in the neighboring communities, which she butchers and sells as meat, pork rinds, fried pork, and other typical dishes of the… More from Rosa Maria'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
- 14 months (Additional Information)
- Repayment Schedule
- Sep 20, 2013
- Oct 10, 2013
- Currency Exchange Loss:
- Oct 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.