Update on Maria MilagrosMaría, 52 years old, is a single mother with two children who are in school, one at university and one in secondary school. She comes from Jinotepe, located in the north of the country. She is known as a hard-working and responsible woman, who from a young age has had to struggle in life to provide stability for her children as both father and mother. Unfortunately, for lack of economic support she could not go to school. Today, she continues her struggle to survive and maintain her source of income.
Thanks to her efforts and her desire to get ahead, her economic activity consists of selling chemical products, which she carries out from her home. She has been doing this work for 20 years, and she does it very happily as it has provided her family with a livelihood. She dedicates herself to her business 8 hours a day, offering products like scented air fresheners, chlorine, and Pinesol.
The goal of this loan is to invest in work capital to stock her store, so that in the not-too-distant future she can earn a higher income. María is grateful for the support that Kiva lenders provide to people with scarce resources and poor countries like Nicaragua, to be able to have a means of decent work.
María de 52 años de edad, madre soltera con dos hijos menores de edad los cuales están estudiando, en la universidad y en secundaria es originaria de Jinotepe, lugar que está ubicado en la zona norte del país. Se caracteriza por ser una mujer trabajadora, responsables, que desde muy joven ha tenido que luchar en la vida para brindarles estabilidad a sus hijos como padre y madre. Lamentablemente no pudo estudiar por falta de ayuda económica. Y en la actualidad sigue luchando para poder sobrevivir y mantener su fuente de ingresos.
Gracia a su esfuerzo y sus ganas de salir adelante tiene por actividad económica la venta de productos químicos actividad que la desempeña en sus casa de habitación desde hace 20 años que desempeña dicha actividad, la cual la realiza con mucho gusto ya que ha sido la forma de vida de su familia. Ella dedica a su negocio unas 8 horas diarias ofreciendo sus productos como ambientador de diferentes aromas, cloro, pinesol. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio, para que en un futuro no muy lejano pueda obtener mejores ingresos. María 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 DetailsMaría Milagros is 50 years old and she makes and sells cleaning products. This is not her first loan. Her dream is to enlarge the business as it has been helpful in the support of her family. She has one child, 13 year old, in her care. Sometimes she leaves her store to sell her products. She is… More from Maria Milagros'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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This loan has been fully funded!