Update on Maria SusanaMaría, age 56, is a single mother with two children. She is from Sauce, which is located in the northern part of the country. Sauce is known for being an area that produces milk, cream and cheese. She is an industrious, hardworking woman, with a desire to improve herself. In her free moments, she likes to enjoy the company of her children. Unfortunately, due to a lack of economic resources, she couldn’t study to become a professional. She had to work from a very young age.
Thanks to her efforts and her desire to get ahead, she has a business selling firewood in her home. She spends eight hours a day at her work, offering her goods. The goal of this loan is to invest in the purchase of firewood to offer to her customers, so that in the not-so-distant future she can earn a better income.
María expresses her thanks for the help to get a decent job that Kiva investors give to people with few resources and to poor countries such as Nicaragua.
Gracias a su esfuerzo y sus ganas de salir adelante tiene por actividad económica la venta de Lena en su casa de habitación. Ella dedica a su negocio unas 8 horas diarias ofreciendo su producto. El objetivo del crédito es invertir en la compra de leña, para ofrecer a sus clientes y en un futuro no muy lejano pueda obtener mejores ingresos. María agradece la ayuda que los inversionistas Kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.
Previous Loan DetailsMaría Susana, 55, is the single mother of three children, ages 25, 21, and 18. Only the 18-year-old is still a student and dependent on her. She was born in Sauce, located in northern Nicaragua. In her free time, she likes to have fun with her family and cook a regional chicken stew. Sadly, she… More from Maria Susana'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