Lucia Del Carmen
Update on Lucia Del CarmenLucia del Carmen, 55, is from Chinandega; she has six independent adult children. She owns a home-based grocery store where she sells basic home consumption goods like basic grains, snacks, soft-drinks, frozen items and firewood, among others. It’s located at home. The business has been in operation for 10 years.
Lucia is a very hardworking, responsible woman. She started the business with her own money aiming at improving household income which has in fact been improving; now she must support herself. She needs the loan to invest in working capital and stock her grocery store to meet customer demand because it’s been growing and she wants to offer her customers a variety of products.
Lucia del Carmen thanks Kiva lenders who provide help for merchants of scarce resources and for poor countries like Nicaragua.
Previous Loan DetailsLucia del Carmen is 54 years old and is from the town of Chinandega. She is a single mother with six children, all of them adults and independent. Her economic activity is a small shop where she sells basic grains, candies, and sodas, and it is located in her home. She has nine years of experienc... More from Lucia 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.
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Success!! The loan was 100% repaid