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Reyna Del Carmen

Update on Reyna Del Carmen

Reyna del Carmen is 53 years old. She is a single mother of tree children. She is from León, which is located in the western region of the country. Reyna
makes a living selling liquor, cosmetics and new clothing. The business consists of sealed liquor, perfumes, lip liner, blush, eye shadow, body cream, pants, blouses, skirts, underwear and dresses.

The business is located in her house and she began it three years ago to have her own income, her own job and to get ahead. She used to depend on her husband economically but they divorced three years ago. She needs the loan to invest in working capital and stock her business because the high season of November and December is coming and her sales will increase. Reyna del Carmen is thankful for the help that the Kiva investors are bringing to people who have scarce resources and live in poor countries like Nicaragua so that they can have a means to a dignified life.
View original language description ↓
Reyna del Carmen de 53 anos de edad, Madre soltera con tres hijos. Ella es originaria de León, lugar que esta ubicado en la zona de occidente del país. Reyna tiene por actividad económica la venta de licores sellados cosméticos y ropa nueva. El negocio consiste en vender licor sellados perfumes, lápiz labial, rubor, sombra de ojos, crema de cuerpos, pantalones, blusas, faldas, ropa interior, vestidos. El negocio lo tiene ubicada en su casa de habitación y lo inicio hace tres anos. Por la necesidad de tener un ingreso propio y salir adelante y tener una forma de trabajo. Ya que ella dependía de su esposo pero tiene tres anos de haberse divorciado. El financiamiento lo necesita para invertir capital de trabajo y surtir su negocio ya que se acerca la temporada buena como es Noviembre y Diciembre donde las ventas se incrementan. Reyna del Carmen agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de vida digno.

Previous Loan Details

Reyna began this business two years ago out of the necessity of having her own source of work, since she has two children and is the head of her family. The business is located in her home. She is requesting the loan to invest in the purchase of inventory for her business, which consists of… More from Reyna 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
  • 176
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Reyna Del Carmen to invest in working capital and stock her business in the buying and selling of pefumes, lip liner, blush, eye shadow, body cream, pants, blouses, skirts, underwear and dresses.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2012
Listed
Nov 13, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2013
This photo was used before for a previous loan for Reyna Del Carmen. It was first posted on Kiva on May, 2012. Learn More