Update on Maria EddyMaria Eddy is a single mother whose children have now left home. She is a native of one of the Chinandega municipalities located in the western part of the country. She is known for being a hardworking, responsible person with a great desire to get ahead in life.
Maria has a small business buying and selling pigs. Once a week she also sells tripe, fries, grilled meat, sausages, pork chops, meat, tamales etc. She also has store. Maria buys the supplies she needs on credit from markets and distribution trucks in nearby communities.
One of Maria’s dreams is to make improvements to her home and another is to expand her business. She will use this loan money to buy live pigs, and also to buy some items for the home such as rice, sugar, beans, and oil.
Maria Eddy is very grateful for the assistance that Kiva donors provide to poor people.
Previous Loan DetailsMaria Eddy, age 50, is single and has two grown and independent children. She is from one of the Chinandega municipalities where commerce is most important. Maria started her business of buying, selling, and butchering pigs at a very early age. It was a family business, which she inherited, an... More from Maria Eddy'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