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Maura Mercedes
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Mrs. Maura R. is 46 years old and lives with her partner. She has six children, though only one of them is still in secondary school and dependent on her. Maura's other children have been able to get ahead, thanks to her hard work. Maura and her partner work together, selling natural medicines and a variety of clothing. Both have been in this business for 25 years, having started it as an alternative to unemployment. Maura and her partner share the firm conviction that they can use the business to help their children get ahead professionally. One of their dreams is to purchase their own home, so that they can install a sewing workshop. At the moment, a lack of resources such as machinery, prevents them from establishing themselves in the sewing market. Nevertheless, with support from lenders and helping hands, Maura has had the opportunity to manage some working capital, which she's used to improve her business.

Translated from Spanish by Sarah Bishop, Kiva Volunteer.




La señora Maura R., tiene 46 años de edad, vive en union de hecho estable es decir acompañada, tiene seis hijos de los cuales uno depende de ella y actualmente cursa el quinto años de bachillerato en secundaria, ya que sus otros hijos gracias al esfurzo de su trabajo han logrado salir adelante, su compañero de vida trabaja en conjunto con ella en la comercializacion de medicina natural y ropa variada, teniendo ambos de ejercer dicha actividad 25 años, habiendo dado inicio como una alternativa a la falta de empleo, pero con la iniciativa y firme conviccion de poder sacar adelante profesionalmente a sus hijos, uno de sus sueños es poder adquirir una vivienda propia y no andar alquilando, asi mismo poder instalar un taller de costura actividad que tambien desempeña, pero por falta de recursos como de maquinaria no ha podido establecerse en el mercado, sin embargo con el apoyo de financieras y manos amigas a podido tener la oportunidad de tener un poco de capital de trabajo lo qu le ha beneficiado en su actividad economica.

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).

About Nicaragua

  • $4,800
    Average annual income
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,591,700
    Funds lent in using Kiva
  • 19.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Maura Mercedes working Capital.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 19, 2008
Listed
Sep 5, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009