Maria De Los Angeles
Update on Maria De Los AngelesMaria de los Ángeles is married with three minor children. She is from one of the towns in Chinandega, located in the western part of the country. She is known to be a hard worker, and an honest, responsible, and polite woman, which has helped her get ahead. Maria is a microentrepreneur and owns a grocery store where she sells household staples like rice, sugar, beans, oil, bananas, sweets, onions, tomatoes, peppers, toilet paper, cosmetics, shampoo, frozen foods loke chicken, meat, sausages, and other products. She started this business with her own capital when she saw the need of the residents in her community, who had to travel long distances to do their grocery shopping. Being able to help her community fills her with satisfaction.
The purpose of this loan is to invest in her grocery store and stock up on rice, sugar, oil, juices, bread, dry soup mixes, sweets, coffee, shampoo, and other items. This will allow her to make the most of December sales, which are higher, so that she can offer her customers a variety of products and higher quality items.
One of her dreams is to see her children become professionals and to give them a decent home to live in.
Previous Loan DetailsMaria De Los Ángeles is 33 years old and manages a store. She has been in business for more than four years and offers all types of daily consumer products. Maria has three children (ages 12, 6, and 2) for whom she is responsible. She is concerned about providing them the opportunity to study.... More from Maria De Los Angeles'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