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Candida Del Rosario

Update on Candida Del Rosario

Cándida is 53 years old, single and has no children. She is a native of Chichigalpa, an area in the west of the Nicaragua. Chichigalpa is known for its sugar cane factories and crops. Cándida's business is selling general merchandise, such as pants, skirts, dresses, shirts, camisoles, undergarments, bed clothing and pajamas. Cándida is known for being hardworking, responsible and for having good habits. She repays her loans on time. Cándida sells her merchandise on foot. Her days consist of working ten hours under an intense sun carrying about 20kg. of merchandise. She sells to both established and occasional customers. The object of the loan is to invest in working capital and to stock up her business and offer a better service to her customers. Cándida is grateful for the help that the Kiva lenders are offering to low-income people from poor countries, like Nicaragua, so that they can earn a dignified living.
View original language description ↓
Cándida de 53 años de edad, soltera sin hijos, ella es originaria de Chichigalpa, lugar que se encuentra en la zona de occidente del país. Chichigalpa es un lugar que se caracteriza por sus ingenios de caña de azúcar, el cultivo de la caña. Cándida tiene por actividad económica la venta de mercadería en general que consisten en vender productos como pantalones, faldas, vestidos, camisetas, camisolines, ropa interior, ropa de cama, piyamas. Cándida se ha caracterizado por ser trabajadora, responsable de buenas costumbre, buena paga en tiempo y forma. El negocio lo distribuye de forma ambulante, la rutina diaria de Cándida es trabajar unas 10 horas diarias, bajo el intenso sol, con un bulto de unos 20 kg donde lleva sus productos a ofrecer a sus clientes fijos y eventuales. El objetivo del préstamo es invertir en capital de trabajo y surtir negocio para ofrecer mejor servicios a sus clientes. Cándida 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 trabajo digno.

Previous Loan Details

Sra. Candida sells general merchandise. She is 50 years old. She has had two loans with the Fundación which have helped her increase her business inventory. With this new loan she will buy certain household items such as shoes, cosmetics, general clothing, gold and silver items and underwear. S... More from Candida Del Rosario'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
  • 142
    View loans »
    Nicaragua Loans Fundraising
  • $24,094,725
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Candida Del Rosario to invest in working capital and to stock up her business by purchasing merchandise like pants, skirts, dresses, shirts, camisoles, undergarments, bed clothes and pajamas.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2012
Listed
Dec 18, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013