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Modesta Del Carmen
Modesta is originally from Granada. She’s 58 years old and the mother of three children who all live on their own now. She is a grocer by profession, an activity she started 7 years ago with 100 dollars she had saved. She decided to buy snacks, sweets and other products needed for the business and this is how she gradually made her inroads into the world of commerce.

She used to be a salaried employee but earned very little. She used what she’d get paid to feed and school her children because she became a single mother and had to struggle to raise her family. This is when she decided to open a grocery store, a business her oldest son helps her with. She also relies on other income she gets when sometimes she receives money shipments from a son who is abroad but this isn’t something she gets on a regular basis.

She’s taking out the loan to buy merchandise like clothes and summer items because this loan will help her increase demand in products customers have been requesting. As future plans she hopes to leave the business well-established so that she can leave it to her youngest son. Her next goal is to remodel her house with profits generated from the business.
View original language description ↓
Modesta es originaria de Granada, de 58 años de edad, madre de 3 hijos todos viven independiente, de oficio comerciante en el negocio de pulpería. Actividad que inicio hace 7 años con 100 dólares que tenia ahorrados decidió ir a comprar chiverías, golosina y otros productos necesarios para el negocio asi fue como comenzó poco a poco a introducirse en el ámbito del comercio, anteriormente era una persona asalariada pero ganaba muy poco con lo que le pagaban mantenía a sus hijos en sus estudios y alimentación debido a que quedo como madre soltera tuvo que luchar para sacar adelante a su familia fue donde decidió poner una pulpería negocio en el que recibe el apoyo del hijo mayor. Ella cuenta con otros ingresos ya que en algunas ocasiones recibe remesas que le manda un hijo que esta en el extranjero aunque no es algo fijo.
Realiza el préstamo para compra de mercadería tales como ropa y productos de verano ya que este crédito le ayudara porque podrá incrementar la demanda de productos que la clientela ha venido solicitando, como planes futuros desea lograr dejar bien establecido el negocio pues quiere dejárselo como herencia a su hijo menor, sus metas próximas es llegar a remodelar su vivienda con la ganancia que le genere su negocio.

About Nicaragua

  • $4,800
    Average annual income
  • 95
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $450 helped Modesta Del Carmen to buy clothes and summer items.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2012
Listed
Apr 23, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 19, 2013