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Luz Marina

Update on Luz Marina

Luz Maria is from one of the towns of Chinandega in the west of the country, a region with a lot of industry and commerce. Luz is a small business owner who works selling sponges which she makes herself. She does this work from home. She buys her materials on credit in other towns and sells on credit to regular and occasional customers. Luz Maria describes herself as a hardworking and responsible woman with a strong desire to improve her situation. She fights hard every day to get ahead. One of her dreams is to increase her earnings and finish building her house. Her plan for this loan is to invest in her business by buying basic materials such as sponge, thread, needles and cords to make her sponges and fulfil her customers' orders. Luz Maria is very grateful for the support that Kiva lenders offer to people with few financial resources.
View original language description ↓
Luz Maria, mayor de edad, originaria de uno de los municipios de Chinandega, ubicado en el occidente del país, zona que se caracteriza por ser muy productiva y comercial, Luz es una microempresaria que se dedica a la comercialización de pastes que ella misma elabora,negocio el cual lo tiene ubicado en su casa de habitación, sus compras las realiza al contado en otros municipios del país, sus ventas son al contado y al crédito a clientes fijos y eventuales, Luz Marina se caracteriza por ser una mujer trabajadora, responsable y con muchos deseos de superación personal que día a día lucha por salir adelante, uno de sus sueños es incrementar su capital de trabajo y terminar de construir su vivienda. el objetivo de este financiamiento es para capital de trabajo en la compra de materia prima como: esponjas, telas, agujas, mecates, para la elaboración de estos pastes y de esa manera lograr cumplir con los pedidos de sus clientes que tiene. Luz Maria esta muy agradecida con el apoyo que los inversionistas kivas les ofrece a personas de bajos recursos económicos.

Previous Loan Details

Luz María is an adult and originally from one of the towns in Chinandega, an area where two of Nicaragua's largest companies operate: one is a sugar plant, while the other business produces liquor. Luz makes a living producing and selling bath scrubbers. She started this business with her own m... More from Luz Marina'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
  • 49
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 25.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Luz Marina to buy basic materials such as sponge, thread, needles and cords, among other items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 25, 2014
Mar 19, 2014
Currency Exchange Loss:
Jan 17, 2015