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Rosa Damari

Update on Rosa Damari

Sra. Rosa Damaris’s business is cosmetic sales. This entrepreneur started selling seven years ago with the aim of getting ahead and her business has gradually been growing. The loan that she is requesting is to purchase and resell perfume, creams, powders, lipsticks, body creams, bases, rouge and anti-wrinkle products, among others.
View original language description ↓
La señora Rosa Damaris, tiene por actividad económica la venta de cosméticos. Esta emprendedora inicio sus venta hace 7 años con el propósito de ir asía adelante y así ha ido creciendo gradualmente. El crédito que solicita es para comprar y vender perfume, cremas, polvos, lápiz labial, cremas corporales, bases, rubor, antiarrugas, entre otros.

Previous Loan Details

Rosa Damari is 34 years of age. She lives in her own house and has 2 young children in her care. She offers necessary products to her friends and says that although her earnings are regular they help her husband with the household expenses. Her activity is buying and selling cosmetics. As she... More from Rosa Damari'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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,770,775
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Rosa Damari to purchase perfume, creams, powder, lipstick, body creams, bases, rouge and anti-wrinkle products, among others.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2012
Listed
Jun 20, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013
This photo was used before for a previous loan for Rosa Damari. It was first posted on Kiva on Feb, 2011. Learn More