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Candida Del Rosario

Update on Candida Del Rosario

Candida del Rosario is a single adult woman who is a native of the municipality of Chinandega, an area in the western part of the country. She is known for being a hardworking, responsible, and enterprising woman who has managed to get ahead on her own and support her family from a very early age. Candida has a business selling general merchandise, such as: cosmetics, shoes, a variety of new clothing, plastic products, dresses, pants, and other items. She's had this business for 21 years, and she carries out her working selling from place to place. Her daily routine starts very early in the morning, when she goes out to offer her products to her regular and occasional customers. She makes her purchases in cash in the various municipalities in the country. She sells on both a cash and credit basis to all of her customers, and she also takes advance orders from them.

Candida's goal with this loan is to invest in working capital, purchasing a variety of styles of clothing, shoes, cosmetics, and other items. In this way, she can stock up her business so that she will have better products for her customers and fill the orders that she already has. Candida is grateful for the support that the Kiva lenders are offering to low-income people.
View original language description ↓
Cándida del Rosario mayor de edad soltera, originaria de unos de los municipios de Chinandega, zona ubicada en el occidente del país, se caracteriza por ser una mujer emprendedora, trabajadora, responsable que ha logrado salir adelante por cuenta propia y de esa manera apoyar a su familia desde muy temprana edad, Cándida se dedica a la compra venta de mercadería en general como: cosméticos, zapatos, ropa nueva variada, productos plásticos, vestidos, pantalones, entre otros, negocio que tiene ya 21 años de dedicarse a este tipo de actividad la cual la realiza en forma ambulante su rutina diaria empieza desde muy temprano para ofrecer sus productos a sus clientes fijos y eventuales, sus compras las realiza al contado en otros municipios del país, sus ventas son al contado y al crédito a clientes fijos y eventuales al igual que por encargos, El objetivo del préstamo es invertir en capital de trabajo como: variedades estilos de ropa, zapatos, cosméticos, entre otros y de esta manera surtir su negocio para ofrecer mejores productos a sus clientes y así también lograr cumplir con varios pedidos que ya tiene. Cándida agradece el apoyo que los inversionistas kiva les ofrece a personas bajos recursos económicos.

Previous Loan Details

Cándida is 53 years old, single and has no children. She is a native of Chichigalpa, an area in the west of the Nicaragua. Chichigalpa is known for its sugar cane factories and crops. Cándida's business is selling general merchandise, such as pants, skirts, dresses, shirts, camisoles, undergar... More from Candida Del Rosario'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.

Tags

About Nicaragua

  • $4,800
    Average annual income
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 25.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Candida Del Rosario to buy general merchandise to sell, including clothing, shoes, cosmetics, and plastic products.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2013
Listed
Dec 24, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014