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Maria Gabriela

Update on Maria Gabriela

María Gabriela sells general merchandise. She has two children in her care; she provides them with food, health and clothing. One of María’s dreams is to stay in business but one of her frequent problems is not having enough inventory on hand to provide variety to her customers. The reason for the loan is to buy sheets, cosmetics, creams, perfume, footwear, watches and clothing in general. To obtain new customers she has to go out and sell her wares as a street vendor.
View original language description ↓
María Gabriela se dedica a la venta de mercadería en general. Tiene 2 hijos bajo su cargo, a los que les brinda alimento, salud y vestimenta. Uno de los sueños que María tiene es seguir adelante con su negocio uno de los problemas más frecuentes que atraviesa es el no tener suficiente inventario para ofrecer variedad de productos a sus clientes. El motivo del financiamiento es para la compra de sabanas, cosméticos, cremas, perfumes, calzado, reloj y ropa en general. Ella tiene que salir a ofrecer sus productos de manera ambulante para obtener nuevos clientes.

Previous Loan Details

Señora Maria Gabriela is 33 years of age. She has 2 young children in her care who live with her in the neighborhood of Funeci. She offers clothing for sale and has an excellent reputation with her clients. For this reason she has had the business more than 8 years. Little by little she has b... More from Maria Gabriela'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.

About Nicaragua

  • $4,800
    Average annual income
  • 72
    View loans »
    Nicaragua Loans Fundraising
  • $25,756,600
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Maria Gabriela to buy sheets, cosmetics, creams, perfume, footwear, watches and clothing in general.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 9, 2011
Nov 24, 2011
Currency Exchange Loss:
Dec 15, 2012
This photo was used before for a previous loan for Maria Gabriela. It was first posted on Kiva on Jan, 2011. Learn More