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Laura Maria

Update on Laura Maria

Laura Maria is an entrepreneur who fights each day to help her family get ahead. She sells dairy products and has years of experience in this business, which is why customers visit her. This is not the first time that Laura Maria is requesting a loan, and she has shown herself to be a responsible person with a very good credit history. She tells Fundación Leon 2000 that the previous support she received was very good and that her life has changed since, as she has more income for her household expenses. She is now requesting a loan to purchase creams, cheese, and curds, among other products. These are the products that are most in demand.
View original language description ↓
Laura Maria es una emprendedora que cada día lucha por salir adelante junto con su familia, el negocio a que se dedica es la venta de productos lácteos en el cual tiene años de experiencia en el negocio y por esa razón los clientes la visitan. Laura Maria no es la primera vez que está solicitando crédito ya que ha demostrado ser una persona responsable y con un record crediticio muy bueno, nos expresa la emprendedora que el apoyo que se le ha brindado es muy bueno ya que su vida ha cambiado tiene mayor ingreso para los gastos del hogar. Actualmente esta solicitando crédito para la compra de cremas, queso, cuajada entre otros productos, ya que son los productos que más demandan.

Previous Loan Details

Laura Maria is 46 years old and has four children that have their own jobs. This is not the first time that she has asked for financing for her business. She has been working for twelve years selling milk products. She began this business because she had to feed her family daily. She started this... More from Laura Maria'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
  • 31
    View loans »
    Nicaragua Loans Fundraising
  • $26,398,725
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Laura Maria comprar cremas, queso, cuajada entre otros productos.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 6, 2011
Jan 7, 2012
Currency Exchange Loss:
Jan 19, 2013
This photo was used before for a previous loan for Laura Maria. It was first posted on Kiva on Nov, 2010. Learn More