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Luisa Del Carmen

Update on Luisa Del Carmen

Luisa Del Carmen is 60 and sells fruits and vegetables. Because of the need to cover her household costs, Luisa looked for a good job. This is not her first loan, and she is very happy to be taking out another one. This loan is for the purchase of oranges, tomatoes, onions, bananas, papayas, pineapple, mangoes, and other items. Her business is in the market, where she has many customers.
View original language description ↓
Luisa Del Carmen tiene 60 años, su actividad es la venta de verduras. La necesidad de sufragar los gastos de su hogar hicieron que Luisa buscara la forma de obtener un medio de vida. Esta no es la primera vez que realiza financiamientos por lo que se siente muy contenta de volver a tener esta experiencia. El motivo del crédito es para la compra de naranjas, tomates, cebollas, bananos, papaya, piña, mangos entre otros. La ubicación de su negocio es en el mercado en donde circulan variedad de clientes.

Previous Loan Details

Luisa Del Carmen runs a neighborhood store and fruit stand; she has owned these businesses for over 5 years. This is not her first time requesting a loan. She has always enjoyed finding was to improve her quality of life, as she had 3 children to put through school. The motive for her loan reques... More from Luisa 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

  • $4,800
    Average annual income
  • 89
    View loans »
    Nicaragua Loans Fundraising
  • $24,770,775
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Luisa Del Carmen to buy oranges, tomatoes, onions, bananas, papaya, pineapple, mangoes, and other items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2011
Listed
Nov 24, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012
This photo was used before for a previous loan for Luisa Del Carmen. It was first posted on Kiva on Dec, 2010. Learn More