Update on MargaritaMargarita is a married adult from the municipality of Chinandega, located in the western region of the country. She is the owner of a line of sales of merchandise in general, where she offers products like: electrical appliances, decorations, covers, curtains, china, different styles of clothing for adults and children, plastic products, among other products.
She makes her purchases in other municipalities of the country. Her purchases are in cash, her sales are in cash, in credit when she makes sales by going out to different neighborhoods. She has two people who are in charge of delivering the merchandise and recovering the payments, which are weekly and biweekly. Margarita also has a salary that she redeems as the caretaker of the business.
The objective of this loan is to invest in the purchase of merchandise in general like: china, curtains, Christmas decorations, different styles of clothing, among other things. Margarita is very thankful for the support that Kiva investors offers to people of minimum economic resources.
Previous Loan DetailsMargarita is a 49-year-old entrepreneur whose business is selling general merchandise. She makes her sales as an itinerant vendor and already has customers to whom she offers her products. She started this business with the aim of supporting her husband with the household expenses and providing... More from Margarita'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.
131View loans »
Success!! The loan was 100% repaid