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Martha Maria

Update on Martha Maria

Martha María is 26 years old. She works as a merchant and is married with two young children, ages 2 and 7. The older child is in primary school.

She has had a small grocery store for five years. She is very grateful for the support for her business. With plenty of effort and dedication, she has been able to provide for her two children, who are still in her care.

She is applying for financing to grow her business by buying products such as rice, sugar, beans, corn, soap, oats, oil, wheat, vegetables, and other products which her clients request. She will then be able to offer them a wide variety of products.
View original language description ↓
Martha María de 26 años de edad, comerciante casada con dos hijos ambos menores de edad 2 y 7 añitos, el mayor estudia en primaria, su negocio consiste en una pulpería con cinco años de tenerla, ella está muy agradecida por haberles brindado apoyo en su negocio que con mucho esfuerzo y dedicación ha salido adelante con sus dos hijos que todavía está a su cargo, ella está solicitando financiamiento incrementar más su negocio en las compras de productos como: Arroz, Azúcar, Frijoles Maíz, Jabón, Avena, Aceite, Trigo, Verduras y otros productos que son demandados por sus clientes y así el poder brindarles a ellos una gran variedad de productos.-

Previous Loan Details

Martha María, 25, has a grocery store; she’s had it for years. She started the business with her own funds and with much effort and dedication has gotten ahead with her two children who are still in her care and attending school. Martha María is asking for financing to buy merchandise and p... More from Martha 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
  • 51
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Martha Maria to stock her business and to put a floor down on the porch where she built her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 19, 2012
Dec 27, 2012
Currency Exchange Loss:
Dec 17, 2013