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Maria Del Carmen

Update on Maria Del Carmen

María Del Carmen is 53 years old. Her business is selling general merchandise. She is a very enterprising woman, and her desire to get ahead has allowed her to provide the daily bread for her household. The aim of the loan she is requesting is to buy shoes, perfumes, creams, treatments, and sheets, among other products. Most of her customers are always asking her for a variety of useful products. Since she was very young, she has had to work to support her family.
View original language description ↓
María Del Carmen tiene 53 años, su actividad es la venta de mercadería en general. Ella es una mujer muy emprendedora sus ganas de salir adelante le han proporcionado el alimento diario a su hogar. El motivo del crédito que está solicitando es para la compra de calzado, perfumes, cremas, tratamientos, sabanas, entre otros productos la mayoría de sus clientes siempre le están solicitando una variedad de utilidades, pues desde muy joven ha tenido que trabajar para mantener a su familia.

Previous Loan Details

51-year old Maria del Carmen sells general merchandise. Her income helps to support the household. She started out selling a few products like clothing and footwear, but as she needed more money, she obtained loans to stock her store with a greater variety of goods. Maria works from 7am to 8pm... 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
  • 115
    View loans »
    Nicaragua Loans Fundraising
  • $23,731,525
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Maria Del Carmen to buy shoes, perfumes, creams, treatments, sheets, and other products.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 24, 2011
Listed
Nov 28, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013