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Areli Del Carmen

Update on Areli Del Carmen

Areli Del Carmen is 33 and has a general store. She has more than 6 years of experience in this business. She learned on her own will, and with the passing of time, she has gotten better at her trade every day. She works in her store from 7 in the morning until 9 at night. The majority of her clients have come to request from her variety in her products. The loan is to purchase basic grains, detergent, sweets, soft drinks, bread, cookies, canned soups, and toilet paper.
View original language description ↓
Areli Del Carmen tiene 33 años, su actividad es una pulpería, tiene más de 6 años en este negocio lo aprendió por voluntad propia fue con el paso del tiempo que ella ha mejorado su actividad cada día. Ella empieza este negocio desde las 7 de la mañana hasta las 9 de la noche, pues la mayoría de sus clientes llegan a solicitarle variedad en sus productos. El crédito es para la compra de granos básicos, detergentes, golosinas, refrescos, pan, galletas, sopas enlatados y papel higiénico.

Previous Loan Details

Areli Del Carmen is 32 years old, is married and has a child with her husband. She has a grocery store where she sells candy, detergents, basic grains, bread and juice. She started her business five years ago together with her husband who was always worried about obtaining a source of income. She… More from Areli Del Carmen'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

  • $3,636
    Average annual income
  • 169
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,825
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Areli Del Carmen purchase basic grains, detergents, sweets, soft drinks, bread, cookies, canned soup, and toilet paper.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2011
Listed
Oct 14, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012