Yanet Del Carmen
Update on Yanet Del CarmenYanet del Carmen is 52 years old, married, and has four children, ages 13, 19, 26, and 29 years old; one of them attends middle school. She lives in Chichigalpa and has proven herself to be a very enterprising woman; she started her own business, a child education center, located in her home in Yanet. She started her business 16 years ago because of a need for a local preschool. She will use the money from this loan to expand and improve her establishment so that she can provide better service to her customers, care for first grade children, cover the growing demand, expand the educational center, and buy supplies such as cement, zinc metal sheets, sand, stone, salt, and other things. Yanet is grateful for the help that the Kiva lenders provide to people of limited resources in poor countries such as Nicaragua.
Previous Loan DetailsYanet del Carmen is 50 years old. She was an elementary school teacher and retired in order to pursue one of her dreams which was to open a children's preschool center in the community, a dream she fulfilled. Currently she is the manager/owner, a successful entrepreneur and an example for her… More from Yanet 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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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