Candida Del Rosario
Update on Candida Del RosarioCandida 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.
Previous Loan DetailsCándida 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 »
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