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Julia Mercedes

Update on Julia Mercedes

Julia Mercedes is an entrepreneur who has been supported through the loan to invest in the business and increase her merchandise. She tells us that her customers also increased and that dressmaking is the most demanding service. During the loan period she has shown herself to be a persevering person and a fighter with the desire to move ahead. Currently, she is asking for a loan to buy fabric, thread, scissors, needles, and other items to make her designs.
View original language description ↓
Julia Mercedes es una emprendedora a la que se le ha apoyado en el crédito para que invierta en el negocio y aumentar su mercadería y la emprendedora nos expresa que sus clientes también aumentaron y que el servicio de costura es más demandado. Durante el financiamiento ha demostrado ser una persona perseverante y luchadora con ganas de salir adelante. Actualmente la emprendedora está solicitando financiamiento para comprar telas, hilos, tijeras, agujas entre otros productos para la elaboración de los diseños.

Previous Loan Details

Julia Mercedes, age 33, is a mother with three children to care for. She dedicates her time to offering a dressmaking service, which she does from home. Julia is a very determined woman who enjoys working. Every difficulty she has hard to overcome has taught her to improve how her business runs. ... More from Julia Mercedes'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
  • 42
    View loans »
    Nicaragua Loans Fundraising
  • $26,238,100
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Julia Mercedes to buy fabric, thread, scissors, needles, and other items to make her designs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 13, 2012
Mar 31, 2012
Currency Exchange Loss:
Apr 18, 2013