Update on Dina MariaDina María, 53, is married with 2 children who are independent. She’s from the Chinandega department, an area located in the west of the country. Dina is a hard-working, responsible woman with the desire to succeed. Dina has been running a corner store business from her house for the last 32 years. In her corner store, she sells daily consumption products in small quantities like, coffee, shampoo, rice, beans, sugar, firewood, milk, eggs, detergents, soap and tiste (a refreshing beverage made of toasted corn, cacoa, annatto and sugar). The business came out of needing a source of income to help with the household expenses. The object of the loan is to invest it in business capital and stock her store in order to generate more income. Dina María is grateful for the help Kiva investors offer those of few resources -- and poor countries like Nicaragua -- so that they can have a dignified work environment.
Previous Loan DetailsDina María, 53, has a grocery store; she has years’ experience in this business. The store is located in her house where she tends to customers with a variety of products. This entrepreneur has sought her entire life for ways of providing the best for her family. She’s had this business fo... More from Dina Maria'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