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Nora Del Carmen

Update on Nora Del Carmen

Nora del Carmen is 59 years old and is a single mother with two children who are 31 and 29 years old. She is from the department of León, located in the west of the country. León is known for being a tourist area and it proudly has the Cathedral of León, which is World Heritage.

Nora del Carmen's economic activity is a store she has had for five years, located in her home. Nora's routine is to open doors to the public every day from 6am to 9pm to offer products to her clientele.

She needs the financing to stock her store with products of daily consumption such as rice, beans, sugar, candy, milk, bread, eggs, and vegetables, among others. Nora del Carmen is grateful for the help that Kiva lenders provide to business people with limited resources in poor countries such as Nicaragua.
View original language description ↓
Nora del Carmen de 59 anos de edad, madre soltera con dos hijos de 31, 29 anos de edad del departamento de León, lugar ubicado en el occidente del país, León se caracteriza por ser una zona turista y orgullosamente tenemos la catedral de león como patrimonio de la humanidad. Nora el Carme tiene una pulpería como actividad económica desde hace 5 anos ubicada en su casa de habitación. La rutina de Nora es abrir sus puertas al publico todos los día desde las 6: am hasta las 9: pm para ofrecer sus productos a su clientela. El financiamiento lo necesita para surtir su pulpería con productos de consumo diario del hogar como: arroz, frijoles, azúcar, golosinas, leche, pan, huevos, verduras, entre otros. Nora del Carmen agradece la ayuda que le brindan los inversionistas kiva a personas de escasos recursos y países pobre como es Nicaragua.

Previous Loan Details

Nora Del Carmen is 58 years old. Nora has a business, which is a general store set up in her home. She has operated this business for 4 years. There she offers a range of everyday products, including basic necessities and groceries, to her neighbors and other customers from the area. The business... More from Nora 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
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Nora Del Carmen to stock her store with daily products such as rice, beans, sugar, candy, milk, bread, eggs, and vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2012
Listed
Sep 28, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013