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Update on Carolina

Carolina is 45-years old and a single mother with two minor children -- 17 and 7 years -- who are studying. She hails from El Sauce, a place located in the northern part of the country. Sauce is characterized as an area that produces milk and dairy products, cheese, curd, and buttermilk.

In her free time, she likes to cook traditional foods for her children. Unfortunately, due to a lack of economic resources, she was not able to go to college, though she would have liked very much to be a veterinarian.

Thanks to her efforts and her desire to get ahead, she has as her economic activity a sales business of gold-plated jewelry and cosmetics, such as blush, compacts, eye shadow, eye pencils, lip pencils, body cream and perfumes. She has been in this business for more than six years, and sells door-to-door.

Carolina's routine is to work 8 hours daily, offering her products to regular and occasional customers. She carries out this activity with great pleasure, as it has been her way of life and that of her family. The photo shows Carolina displaying the products she sells.

She hopes that in the not-too distant future, she can earn a better income. Carolina appreciates the help that Kiva investors provide to people of scarce resources and to poor countries such as Nicaragua, so that they have a means of respectable work.
View original language description ↓
Carolina de 45 años de edad, madre soltera con dos hijos menores de edad de 17, 7 años están estudiando. Originaria del Sauce, lugar que está ubicado en la zona norte de país. Sauce se caracteriza por ser una zona productora de leche y sus derivados, queso, cuajada crema, leche agria. En sus ratos libre le gusta cocinar comida típica para sus hijos. Lamentablemente por falta de recursos económicos no pudo cursar una carrera universitaria. Pero le hubiera gustado mucho ser veterinaria.
Gracias a su esfuerzo y sus ganas de salir adelante es que tiene por actividad económica la venta de cosmético y prendas de oro laminado, como rubor, vanidad, sombra de ojos, lápiz de ojos, lápiz labial, crema de cuerpos, perfumes. Tiene mas de seis años en este negocio el cual lo desempeña de forma ambulante. La rutina de Carolina es trabajar unas 8 horas diarias ofreciendo sus productos a clientes fijos y eventuales. Actividad que la desempeña con mucho gusto, ya que ha sido su forma de vida y la de su familia. En la foto se muestra a carolina mostrando el producto que comercializa. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de productos cosméticos. Para que en un futuro no muy lejano pueda obtener mejores ingresos. Carolina 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

Carolina has sold cosmetics for over five years. Her business is door-to-door, since she has a large variety of customers who request items such as perfumes, creams, treatments, shampoo, watches, underwear, powder, nail polish, and lipstick, among other items. She wants to keep moving forward wit... More from Carolina'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
  • 91
    View loans »
    Nicaragua Loans Fundraising
  • $25,011,000
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Carolina to invest in working capital and diversify her cosmetics sales business by purchasing products such as blush, compacts, eye shadow, eye pencils, lip pencils, body cream and perfumes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 8, 2013
Feb 11, 2013
Currency Exchange Loss:
Mar 17, 2014