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Gladys Del Carmen

Update on Gladys Del Carmen

Gladys del Carmen is 40 years old. She is married and has two children, ages 13 and 21. They are in high school and college, respectively. She is originally from León, which is located in the western part of the country. Gladys is a hardworking and responsible woman, which has demonstrated by making her payments on time. Unfortunately she could not attend school due to a lack of financial resources. Her priority is to help her children get ahead in life so that they are successful adults. Thanks to her entrepreneurial spirit and her desire to get ahead she has had a business selling pastries (cream horns, pastries, donuts, savory "suitcase pies", raisin cakes) and pizza for 6 years. The business is located in her home. She works 10 hours a day offering her products and has higher demand on the weekends. The loan will be used for working capital and to stock her business so that in the near future she will be able to increase her income.
Gladys del Carmen is thankful for the assistance that the Kiva investors provide to people with scarce resources and to poor countries like Nicaragua so that they have an opportunity to obtain decent work.
View original language description ↓
Gladys del Carmen de 40 años de edad, casada con dos hijos menores de edad de 13,21 anos, ellos estudian en la universidad y en secundaria. Ella es originaria de León. Lugar que está ubicado en la zona de occidente del país. Gladys se caracteriza por ser una mujer trabajadora, responsable, lo cual lo ha demostrado en sus pagos en tiempo y forma. Lamentablemente no pudo estudiar por falta de recursos económicos. Y su prioridad es ayudar a sus hijos que superen en la vida. Para que sean hombre de bien.
Gracias a su espíritu de emprendedor y sus ganas de salir adelante es que tiene por actividad económica venta de repostería y piza,( cachos,rin,pasteles,donas,maletas,tortas de pasa,) desde hace siete años que se dedica al negocio. Y está ubicado en su casa de habitación. La rutina de trabajo es unas 10 horas diaria ofreciendo su producto y con mayor demanda los fines de semana. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio para que en un futuro no muy lejano aumentar sus ingresos. Gladys del Carmen 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

Gladys Del Carmen is 39 years old. Her activity is making and selling pastries. She has been in this business for more than 18 years. She started because she didn't have a stable job and she had to support her 2 children, who are minors. She gets up at 5 in the morning to make the pastries and sh... More from Gladys 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

  • $4,800
    Average annual income
  • 93
    View loans »
    Nicaragua Loans Fundraising
  • $24,768,325
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Gladys Del Carmen to invest in working capital and to stock her business selling pastries such as cream horns, pastries, donuts, savory "suitcase"pies, raisin cake, and pizza.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 4, 2013
Feb 6, 2013
Currency Exchange Loss:
Dec 17, 2013