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Flora Del Carmen

Update on Flora Del Carmen

Flora del Carmen is 65 years old. She is a single mother with one son who is 29 years old. She lives in the city of Managua, which is located south of León. She is known for being a hardworking and responsible woman, which she has demonstrated in her previous loans by making her payments responsibly, on time and according to their terms. Unfortunately, because of a lack of economic resources, she was unable to pursue a university degree, but she would have liked to have been a registered nurse.

Thanks to her spirit and her will to carry on, she has a business raising and selling pigs to merchants in her area, who use them to prepare typical regional foods. Her routine is to go out to the neighboring communities to buy pigs at the best prices for future sale, in hopes of making better money in the not-too-distant future. The objective of this loan is to serve as working capital to buy a drove of pigs to raise and sell, since she is being offered a good price.

Flora del Carmen is grateful for the help that the Kiva lenders offer to disadvantaged people in poor countries like Nicaragua so that they might have a decent way to earn a living.
View original language description ↓
Flora del Carmen de 65 años de edad, madre soltera con un hijo mayor de edad de 29 anos, vive en la ciudad de Managua, lugar que está ubicado en la zona sur de león. Ella se caracteriza por ser una mujer trabajadora, responsables, lo cual lo ha demostrado en los créditos anteriores en cuanto a la responsabilidad de sus pagos en tiempo y forma. Lamentablemente por falta de recursos económicos no pudo cursar una carrera universitaria, pero le hubiera gustado ser una enfermera titulada.
Gracias a su espíritu y sus ganas de salir adelante tiene por actividad económica la crianza y venta de cerdos a los comerciantes de la localidad. La cual lo utiliza para elaborar comidas típicas de la región. La rutina de esta mujer es salir a las comunidades aledañas a comprar cerdos al mejor precio para la futura venta. Y que en un futuro no muy lejano obtener mejores ingresos. El objetivo del crédito es invertir en capital de trabajo y comprar un lote de cerdos para la crianza y venta, ya que se lo están dando a buen precio. Flora del Carmen agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua. Para tener un medio de trabajo digno.

Previous Loan Details

Flora del Carmen is 64 years old. She is from the city of Managua. She makes a living selling pigs—which she has been doing for 31 years. She learned the business from her father who worked doing the same thing. With the course of time he left her in charge of the business. At present she has… More from Flora Del Carmen'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
  • 172
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Flora Del Carmen to have working capital for her business buying and selling pigs in the neighboring communities.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Jan 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2014