Candida Del Rosario
Update on Candida Del RosarioCándida 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.
Previous Loan DetailsSra. 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. She… More from Candida Del Rosario's previous loan »
Fundación Leon 2000This 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.
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Success!! The loan was 100% repaid