Update on Ana Maria40-year old Ana Paula is married with a young son to raise. She was born in one of the municipalities of Chinandega located in the west of the country.
Ana Paula is known for her sense of responsibility, for being a hard worker, and for her wish to get on in life. She makes food which she delivers to different institutions as well as to regular and occasional customers. She also caters special events such as birthdays, weddings etc. and makes food to sell in her fast food outlet, a business she runs out of her home in the afternoons. The goal of the loan is to buy ingredients for the delicious food that Ana Paula makes such as soups and fried items for the end of year festivities. She hopes to increase her customer base in this way.
She is very grateful to Kiva donors for the money they lend to low income people.
Previous Loan DetailsAna Maria is 37. She has sold food for over a year. Even though it is not easy to keep her customers happy she makes an admirable effort every day. She started this business out of the necessity to help her husband with the household costs. Together they have two children to care for. For this r... More from Ana 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