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Miriam Del Carmen

Update on Miriam Del Carmen

Miriam is 48 years old, married and has two children, both of whom are in school. Miriam is originally from La Paz, in the west of the country, an area known for its typical food such as "quesillo" (a cheese dish) and "tiste" (a drink made with achiote). Miriam is hard-working, responsible, and has a desire to get ahead.

Thanks to her efforts and her desire to get ahead, Miriam has a grocery store, a small shop where she sells consumable goods, such as rice, beans, sugar, milk, bread, cheese, matches, sweets, fruit juices and fizzy drinks. Miriam works some twelve hours every day and runs the business out of her home. This loan will be used to invest in working capital and stock up her grocery store with consumable goods such as rice, beans, sugar, milk, bread, cheese, matches, sweets, fruit juices, fizzy drinks, "chicha" (a corn drink) and "tiste". This will allow Miriam to earn a higher income in the not-too-distant future. Miriam is grateful to Kiva lenders for support poor countries such as a Nicaragua and for giving poor people an opportunity to have a decent job.
View original language description ↓
Miriam de 48 años de edad, casada con dos hijos, lo cuales están bajo su responsabilidad están estudiando. Es originaria de la paz centro, lugar que está ubicado en la zona de occidente del país. Lugar que se caracteriza por su comida típica como el quesillo, y el tiste. Ella se caracteriza por ser trabajadora, responsable con ganas de superación personal.
Gracias a su esfuerzo y sus ganas de salir adelante tiene por actividad económica una pulpería, es una pequeña tienda que vende productos comestibles como arroz, frijoles, azúcar, leche, pan, huevos, cuajadas, tiste, chicha, fósforos, golosinas, jugos, gaseosas. Ella dedica a su negocio unas 12 horas diarias, el negocio lo tiene ubicado en su casa de habitación. El objetivo del crédito e invertir en capital de trabajo y surtir su negocio en la compra y venta de productos comestibles para que en un futuro no muy lejano pueda obtener mejores ingresos. Miriam 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

Miriam Del Carmen is 46 years old and lives in her own home with her husband and their two children. Doña Miriam has a small business that consists of a store where she offers basic necessities such as drinks, rice, beans, sugar, candy, detergent, soap, and other products. She spends a great deal… More from Miriam 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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 63
    View loans »
    Nicaragua Loans Fundraising
  • $23,421,000
    Funds lent in using Kiva
  • 25.5
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $800 helped Miriam Del Carmen to invest in working capital and stock up her grocery store with consumable goods such as rice, beans, sugar, milk, bread, cheese, matches, sweets, fruit juices, fizzy drinks, "chicha" (a corn drink) and "tiste".
93% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 3, 2013
Listed
Jan 2, 2014
Currency Exchange Loss:
Possible