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Nora Del Carmen

Update on Nora Del Carmen

Nora is a 60-year old married woman who is originally from León, located in the west side of the country. She is a hard-working and responsible person and has a strong willingness of self-improvement. She likes to enjoy her children's company in her free time. Unfortunately, due to the lack of resources, she could not pursue her studies and started working to help with the household expenses when she was very young .

Thanks to her hard work and willingness to get ahead, Nora has a grocery store in her house. She sells food products in small quantities, such as rice, beans, sugar, milk, bread, eggs, detergent, soap and oil. She spends approximately 10 hours each day working at her business with the goal to improve her income in the near future.

Nora is grateful to Kiva lenders for the support they provide to people with limited resources in poor countries like Nicaragua so that they can have a decent source of income.
View original language description ↓
La Señora Nora de sesenta años de edad, casada, es originaria de León, lugar que está ubicado en la zona de occidente del país. Ella se caracteriza por ser trabajadora, responsable, con ganas de superación personal. En sus ratos libre le gusta disfrutar de la compañía de sus hijos, lamentablemente por falta de recursos económicos y por la pobreza en la que Vivian no pudo cursar sus estudios, y se vio obligada a trabajar desde temprana edad. Para ayudar con los gastos del hogar.

Gracias a su esfuerzo y sus ganas de salir adelante Nora tiene por actividad económica una pulpería ubicada en su casa de habitación. Una pulpería es una pequeña tienda que vende productos comestibles y en cantidades pequeñas como arroz, frijoles, azúcar, leche, pan, huevos, detergentes, jabón, aceite. Ella dedica a su negocio unas 10 horas diarias ofreciendo sus productos, para que en un futuro no muy lejano pueda obtener mejores ingresos. Nora 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

Nora del Carmen is 59 years old and is a single mother with two children who are 31 and 29 years old. She is from the department of León, located in the west of the country. León is known for being a tourist area and it proudly has the Cathedral of León, which is World Heritage. Nora del… More from Nora 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
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $23,416,850
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Nora Del Carmen to invest in work capital and to stock her grocery store with products such as rice, beans, sugar, milk, bread, eggs, detergent, soap and oil.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2013
Listed
Oct 3, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014