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Maria Eddy

Update on Maria Eddy

Maria 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.
View original language description ↓
Maria Eddy mayor de edad madre soltera con hijos mayores e independientes, originaria de uno de los municipios de chinandega ubicado en el occidente del país, se caracteriza por ser una mujer trabajadora, responsable y con muchos deseos de superación personal, Maria es una microempresaria que se dedica a la compra venta de cerdos, destace donde ofrece una vez a la semana: pepena, frito, charrasca, chorizos, costillas de cerdo, carne, nacatamales entre otros sus compras las realiza en comarcas aledañas a su localidad y tiene una pulperia,sus compras las realiza al contado en mercados y camiones distribuidores. uno de sus sueños es poder mejorar mas su vivienda y ampliar mas sus negocios. el objetivo de este crédito es para invertir en capital de trabajo en la compra de cerdos en pie, y algunos productos de consumo para el hogar como: arroz, azúcar, frijoles, aceite entre otros. Maria Eddy esta muy agradecida con el apoyo que los inversionistas kivas les ofrece a personas de bajos recursos económicos.

Previous Loan Details

Maria 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 »

Additional Information

Fundación Leon 2000

This 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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 72
    View loans »
    Nicaragua Loans Fundraising
  • $23,621,150
    Funds lent in using Kiva
  • 26.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Maria Eddy buy live pigs and food items for the home.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2014
Listed
Mar 17, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014