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Maria Del Carmen

Update on Maria Del Carmen

María Del Carmen sells eggs and hens. She has had this business for more than 16 years. She is requesting a loan to purchase eggs. Prices for products increase in the summer, so she needs this loan to satisfy her customers. She is very responsible person and a self-sacrificing mother with 2 children whom she has supported with her hard work.
View original language description ↓
María Del Carmen se dedica a la venta de huevos y gallina. Hace más de 16 años que tiene este medio de vida. El financiamiento que solicita es para la compra de huevos, en el tiempo de verano los productos suben de precio por lo que necesita esta inversión para complacer a sus clientes. Ella es una persona muy responsable y además es una madre abnegada tiene 2 hijos bajo su cargo que los ha mantenido con mucho esfuerzo.

Previous Loan Details

Maria del Carmen is 59 years old and has a business buying and selling eggs. She started this business fifteen years ago and this is not the first time she has received financing for her business. Maria started this business with very little capital and as time passed, she was able to increase ... More from Maria 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
  • 86
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Maria Del Carmen to purchase eggs.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2011
Listed
Nov 5, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012