Esperanza Del Carmen
Update on Esperanza Del CarmenZapatera island is a marvelous sanctuary that reflects the diverse ways of life and the tribes that originally lived there. Currently, its doors are open to us all due to an excellent hotel that is available to visitors. Esperanza works in a similar way. She is a 66-year-old woman and a mother of 3 grown children. Her age doesn't keep her down and she is continuing with her goal of improving her quality-of-life.
She started her small business 16 years ago selling basic groceries (including rice, sugar, beans, and corn), cosmetics, and clothes. She was able to grow her business thanks to a Kiva loan.
She is asking for a new loan so she can buy more basic groceries, clothes, and cosmetics to sell. She believes that this loan will help her greatly to continue to support her business and help it to grow even more.
Solicita un nuevo crédito para la compra de más granos básicos (arroz, azúcar, frijoles, maíz), ropa y cosméticos; estimando que el nuevo crédito a solicitud le será de mucha ayuda para seguir manteniendo su negocio y de igual forma hacerlo que crezca más.
Previous Loan DetailsEsperanza is 64 years old and is originally from Granada, Nicaragua. She is very grateful to Kiva and MiCrédito for her first loan, since she was able to invest the funds in her grocery store and buy products at wholesale such as rice, sugar and oil. This enabled her to increase her inventory and… More from Esperanza Del Carmen's previous loan »
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