Update on MercedesMercedes is 44 years old and is a single mother to her two children. She is from the town of Sauce, which is located in the northern region of the country. Mercedes is known to be a hard-working, responsible person who is dedicated her work and family. In her free time, she likes to spend quality time with her family. Unfortunately, since she had to work from a very young age to help her family make ends meet, Mercedes was unable to pursue a higher education degree. In light of the opportunities she never had, Mercedes works as hard as she can every day to give her children a brighter future.
With lots of hard work and dedication, Mercedes was able to start a small general store where she works 12 hours every day selling food items in small quantities, such as: rice, beans, sugar, milk, bread, salt, eggs, juices, soft drinks, detergent, matches and other items. With the support from this loan, Mercedes plans to purchase merchandise to stock her store. She hopes that this investment will help her to strengthen and expand her business and increase her overall profits and income. Mercedes is grateful to Kiva lenders for their support.
Gracias a su esfuerzo y sus ganas de salir adelante tiene por actividad económica una pulpería una pequeña tienda que vende productos comestibles en cantidades pequeñas como arroz, frijoles, azúcar, leche, pan, detergente, sal, fósforos, tiste, huevos, jugos, gaseosas. Ella dedica a su negocio unas 12 horas diarias ofreciendo sus productos. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de productos comestibles para que en un futuro no muy lejano pueda obtener mejores ingresos. Mercedes agradece la ayuda que los inversionistas Kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.
Previous Loan DetailsMercedes is 44 years old and the single mother with two children, ages 13 and 10. Both attend school. She is originally from Leon, an area located in the western part of the country. She likes to spend quality time with her children in her spare time, and cook typical food for them, such as na... More from Mercedes'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