Juana Del Carmen
Update on Juana Del CarmenJuana Del Carmen is 53 years old and has four children aged 18, 22, 28 and 32. At the moment, only one is studying. He is in the fifth year, and is in her care.
Juana del Carmen makes a living selling general merchandise door to door. She does this in the municipality of El Viejo in Chinandega. It is a city in which doughnuts are sold, and there is a mill mainly for sugar cane.
Little by little, Juana grew her business, which attracts customers and leaves them satisfied with her products. She starts work very early so that she can finish early and look after her home, since she is a single mother.
Juana is requesting this loan to invest more capital in her stock. She will purchase children's and adult's clothes, cosmetics, footwear, and other clothing, because she has the opportunity to sell more and make more profits and offer her customers the best as a result.
Previous Loan DetailsJuana Del Carmen is 52 years old and she has three children, aged 16, 32, and 22 years old. Currently only one of them is in her care. Juana sells general merchandise. She started out this business selling small products itinerantly. With the passage of time she acquired a clientele and she also… More from Juana Del Carmen'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