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Gloria Del Carmen

Update on Gloria Del Carmen

56-year old Gloria del Carme is married and has a son. She lives in Chinandega which is located in the western part of the country. It's known as a productive business area. Gloria earns her living selling soft drinks, popsicles, chocolate-covered bananas etc. She also sells pigs, pork, and fried snacks. Known as a hardworking woman with a desire to get ahead, Gloria has run her business from her home for ten years.

She has worked with the Foundation in the past and demonstrated responsibility with the loan repayments. The money she needs now is for working capital to buy stock for her store: sugar, fruit, pickling spices, pigs to butcher, meat pasties, fried snacks, lard etc. Gloria is grateful for the help Kiva donors provide to poor people and poor countries like Nicaragua so that people can have work.
View original language description ↓
Gloria del Carme de 56 anos de edad, casada con un hijo de 56 anos de la localidad de Chinandega, lugar que esta ubicado en la zona de occidente del país. Chinandega es un lugar que se caracteriza por ser una zona comercial productiva. Gloria tiene por actividad económica la venta de refrescos, posicles, chocobananos, venta de cerdos y sus derivados y fritanga. El negocio lo tiene ubicado en su casa de habitación desde hace 10 anos. Gloria se caracteriza por se una mujer muy trabajadora, con ganas de superación personal. Ya ha trabajado con fundación y ha demostrado su responsabilidad de pago , el financiamiento lo necesita para invertir en capital de trabajo y surtir su negocio con la compra de azúcar, frutas, y cerdos para el destace y vender la carne del cerdo y sus derivados como nacatamales, frito, adobando, manteca de cerdo. Gloria agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

Gloria Del Carmen is an enterprising woman who has been working with Fundación León 2000. She has proven herself to be a responsible person with goals in life. Her greatest dream is to grow her business since she has many ideas for new product lines so she can offer her customers variety. She ... More from Gloria 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
  • 94
    View loans »
    Nicaragua Loans Fundraising
  • $24,779,575
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Gloria Del Carmen to buy sugar, fruit, pickling spices, pigs to butcher, meat pasties, fried snacks, lard etc.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2012
Listed
Nov 28, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2013
This photo was used before for a previous loan for Gloria Del Carmen. It was first posted on Kiva on Feb, 2012. Learn More