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Rosa Maria

Update on Rosa Maria

Rosa María is 63 years old, widowed, and has adult children who are independent. She is originally from León, a place that is located in the western part of the country. Rosa María is a hardworking and responsible woman who wants to succeed on a personal level. Unfortunately, she was not able to study and was obligated to work at an early age because she lacked financial resources.

Sadly, Rosa María became a widow last year. She had a shoe repair business that was managed by her husband. Following his death, she changed businesses and now has a venture in which she sells natural refreshments such as passion fruit, barley, linseed, fruit salad, pineapple, cacao, cookies, and pastries. Her business is located in her home. Rosa María takes great pleasure in running her business. She works approximately six hours a day.

The goal with this loan is to invest operating capital in the purchase of fruits, sugar, salt, bags, and straws for preparing refreshments. In the near future, she would like to generate more income. Rosa María is grateful for the assistance that Kiva lenders provide to people who have limited resources and are from poor countries such as Nicaragua so that they can make a decent living.

View original language description ↓

Rosa María de 63 años de edad, viuda con hijos adultos e independientes. Ella es originaria de León, lugar que está ubicado en la zona de occidente del país. Rosar María es una mujer trabajadora, responsables, con ganas de superación personal. Lamentablemente no pudo estudiar, y se vio obligada a trabajar desde temprana edad por falta de recursos económicos.

Lamentablemente es ano pasado quedo viuda, ella tenía el negocio de reparación de zapatos y quien lo ejercía era el esposo. A raíz de su muerte cambio de negocio ahora tiene por actividad económica la venta de Refresco naturales como granadia, cebada, linaza ,ensalada de frutas, pina, cacao, galletas y repostería, negocio que lo tiene ubicado en su casa de habitación. Actividad que la desempeña con mucho gusto. Ella dedica a su negocio unas 6 horas diarias. El objetivo del crédito es para invertir en capital de trabajo y comprar frutas azúcar, sal, bolsas pajillas. Para la preparación de los refresco, para que en un futuro no muy lejano pueda obtener mejores ingresos. Rosa María agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

Rosa María has been an entrepreneur for three years. She buys and sells shoes and prides herself in offering shoppers excellent customer service. Rosa María is a hardworking woman who hopes to improve her life through her work. For her, discipline is the secret to success, because it allows her t... More from Rosa 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
  • $26,391,875
    Funds lent in using Kiva
  • 24.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Rosa Maria to buy fruits, sugar, salt, bags, and straws for preparing refreshments.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 24, 2013
May 10, 2013
Currency Exchange Loss:
Apr 16, 2014