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Regina Del Carmen

Update on Regina Del Carmen

Regina del Carmen has already had loans from Fundación León to have working capital for her business, a transportation service, and to improve her service. Now Regina is applying for financing, but on this occasion it is to complete some remodeling on her house. The entrepreneur (Regina) explains to us that she will buy zinc, purlins, and nails, among other materials, to make improvements in her home.
View original language description ↓
Regina del Carmen ya ha tenido crédito con Fundación León 2000, para comprar capital trabajo para el negocio que tiene que el servicio de transporte y mejorar el servicio. Regina actualmente está solicitando financiamiento pero en esta ocasión es para realizarle a su vivienda algunas remodelaciones lo cual no explica la emprendedora que comprara zinc, perlines, clavos, entre otros materiales para realizar las mejoras de la vivienda.

Previous Loan Details

Regina is a 44-year-old single mother of two children. She makes a living providing taxi services, which she started nine years ago because she had a car and wanted to take advantage of it. She started out making taxi trips and little by little her activities granted her the necessary means to pr... More from Regina 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $3,636
    Average annual income
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $23,621,150
    Funds lent in using Kiva
  • 23.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Regina Del Carmen to buy zinc, purlins, and nails, among other materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 4, 2012
Listed
Feb 7, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013