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Betis Carolina

Update on Betis Carolina

Betis is 40 years old, and is married with four children, who are 16, 14, 11, and 1 years old. All of them are students (except for the baby). She is originally from Chinandega, a place that is located in the western part of the country. Betis is a very hard-working and responsible woman. She has a traveling business selling cosmetics to both regular and occasional customers. The business consists of both cash and credit sales of cosmetics such as lipsticks, eyeshadow, blush, perfumes, eyeliner pencils, foundations, and concealers. Betis has 14 years of experience in cosmetics sales. The purpose of this loan is to turn it into capital for her business and to stock her business with more cosmetics to sell. Betis is grateful for the support that Kiva lenders provide to people with few resources and to countries as poor as Nicaragua, so that people are able to have honest work.
View original language description ↓
Betis de 40 años de edad, casada con 4 hijos menores de edad. De 16, 14, 11,1 años de edad. Todos están estudiando. Ella es originaria de Chinandega, lugar que está ubicado en la zona de occidente del país. Betis es una mujer muy trabajadora, responsables. Tiene por actividad económica la venta de cosméticos de forma ambulante a sus clientes fijos y eventuales. El negocio consisten en la venta de cosméticos de crédito y contado como pinturas labiales, sobre de ojos, rubor, vanidad, perfumen es, lápiz de ojos, base, correctores. Ella tiene 14 años desempeñando dicha actividad. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de cosméticos. Betis 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

Betis Carolina is 39 years old and sells cosmetics. She has had this business for more than 13 years. She started this business on her own initiative. Besides, she has to offer her four children the necessary income. She goes out every day to offer her products. Some of Betis Carolina's cust... More from Betis Carolina'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
  • $25,011,000
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Betis Carolina to obtain capital to stock her cosmetics sales business with items such as lipsticks, eyeshadows, blush, perfumes, eyeliner pencils, foundations, and concealers.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 29, 2012
Dec 26, 2012
Currency Exchange Loss:
Nov 17, 2013