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Candida Rosa

Update on Candida Rosa

Cándida Rosa, 65, is a single mother with a son, 20, who's independent. She's a hardworking and responsible woman who wants to improve herself. She has had to work to earn a daily living since she was very young. She's from the department of Chinandega, located in the western part of the country.

Cándida's job is a bookstore located in her home. She has worked in this business for 20 years. Her routine is to work some 10 hours a day, selling her bookstore products to her customers.

The goal of the loan is to invest in working capital and stock her bookstore, to take advantage of the current sales, with classes starting for the country's children and young people. With the loan she'll buy bookstore products such as notebooks, pencils, markers, highlighters, rulers, erasers, colored pencils, glue, and glossy paper.

Cándida Rosa is grateful for the help that Kiva lenders give to low-income people and poor countries so they have a means to a decent job.
View original language description ↓
Cándida Rosa de 65 años de edad, madre soltera, con hijo de 20 años el cual es independiente. Es una mujer, trabajadora responsable, con ganas de superación personal, el cual desde muy joven ha tenido que trabajar para ganase el sustento de cada día. Ella es originaria del departamento de Chinandega el cual está ubicado en la zona de occidente del país. Cándida tiene por actividad económica una librería ubicada en su casa de habitación desde hace 20 años que se dedica a dicha actividad. Su rutina es trabajar unas 10 horas diarias ofreciendo sus productos de librería a sus clientes. el objetivo del crédito es invertir en capital de trabajo y surtir su negocio y aprovechar las ventas en este momento que viene la entrada a clases de los niños y jóvenes del país. Con el financiamiento comprar productos de librería como cuadernos, lápices, marcadores, resaltadores, reglas, borradores, lapiceros de colores, pega, papel lustrio. Cándida Rosa agradece la ayuda que los inversionistas kiva le brindan a las personas de escasos recursos y países pobre para tener un medio de trabajo digno.

Previous Loan Details

Cándida Rosa is an entrepreneur that sells supplies out of her home to customers that come looking for items to buy. She has worked with Fundación León 2000 before, having received a prior loan to stock her store. Now she seeks credit to buy materials for her business such as folders, pencils, pa... More from Candida Rosa'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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $23,820,300
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Candida Rosa to stock her bookstore.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2012
Listed
Jan 9, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013