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Maria Del Carmen

Update on Maria Del Carmen

María del Carmen, 55, is married living in Chinandega. Her economic activity is selling snacks at wholesale, milk, cosmetics, onions and potatoes in large amounts to other merchants and others. She buys at one of Managua’s markets and sells to merchants from neighboring countries. Her customers are regular and drop-in she sells to for cash and on credit collecting weekly. She started this business several years ago with funds of her own.

María is asking for credit to buy working capital like onions, potatoes, detergent, soap, snacks, cosmetic, etc. She will buy items in high demand. One of her dreams is to improve her business and earn higher income to attain economic stability for her family. She’s very happy and grateful for the support Kiva lenders give people of scarce resources so they can have a way to earn a living with dignity.
View original language description ↓
María del Carmen de 55 años de edad, casada y del domicilio de Chinandega, tiene por actividad económica la venta de golosinas al por mayor, leche, cosméticos, cebollas, papas en grandes cantidades que entrega a otros comerciantes y otros, ella realiza sus compras en uno de los mercados de Managua, y realiza sus ventas a comerciantes de los países vecinos, sus clientes son fijos y eventuales a los cuales les vende al contado y al crédito el que recupera semanalmente, ella inicio este negocio desde hace varios años con fondos propios, maria solicita crédito para la compra de capital de trabajo como: cebollas, papas, detergentes, jabon, golosinas, cosmeticos entre otros, en el que comprara los productos que atraen a la demanda, uno de sus sueños es mejorar su negocio y tener mejores ingresos para lograr una estabilidad económica en su familia, ella está muy contenta y agradecida por la ayuda que los inversionistas Kivas le brindan a personas con escasos recursos para tener un medio digno de trabajo.

Previous Loan Details

María Del Carmen is 53 years old. Her business is selling general merchandise. She is a very enterprising woman, and her desire to get ahead has allowed her to provide the daily bread for her household. The aim of the loan she is requesting is to buy shoes, perfumes, creams, treatments, and sheet... More from Maria 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
  • 89
    View loans »
    Nicaragua Loans Fundraising
  • $25,032,475
    Funds lent in using Kiva
  • 25.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Maria Del Carmen to buy stock merchandise for her store.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Sep 27, 2013
Oct 14, 2013
Currency Exchange Loss:
Nov 17, 2014