Update on Maria IsabelMaría Isabel, 47, is a single mother with a 26-year-old adult son who is economically independent. María Isabel is from the town of Malpaisillo which is located in the northern part of the country. Malpaisillo is known as an agricultural area where maize and bananas are grown. She sells cosmetics and new clothing for a living, and has been in business for five years, allowing her to support her family.
For several years she has been working with the Foundation, having shown how responsible she is in paying back the loan on time. María Isabel is requesting a loan to use as work capital to stock her business to satisfy customers and increase her earnings. She will use the money to buy lipstick, eyeliner, perfumes, body lotions, soaps, moisturizers, and eye shadow. María Isabel is grateful for the support Kiva lenders give to people with scarce resources in poor countries such as Nicaragua, so they can earn a decent living.
Previous Loan DetailsMaria sells cosmetics. She has had this business for more than 4 years. She offers them to her friends and relatives and obtains income for her family. Maria's dreams are for her son to go to college and have a good profession. Maria needs a loan to invest the money in buying perfumes and creams ... More from Maria Isabel'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