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Damaris De La Concepcion

The young Damaris Concepcion G. R. is 24 years old and she married and has three children, aged 3, 5 and 7 years. The two children aged 5 and 7 are attending a public school and the three-year old stays at home. This young Mom receives support from her husband. He works as a truck driver, working in the west, in Managua and other regions. The both work hard so that there are two incomes to support the family, especially their children that require so much just to finish school.



The funds of this loan will be invested in her business as working capital, to purchase merchandise. She sells clothing, shoes and cosmetics and she wishes to offer her clients these products. She sells her products door to door, but she would like to set up a small shop or stand in her home. This way she will be able to spend more time with her family. Deamaris wishes to also increase the selection of the products she offers in her business. She has been selling in her region for the last 2 years and she now sees the need to contribute more towards the house hold expenses. Her husband found himself without work, and she being a hard worker, she decided to start up a business selling clothing to increase the family income.

View original language description ↓
La joven Damaris Concepción Gálvez R. con 24 años de edad, la cual su estado civil es de casada, ella tiene 3 niños con edades de: 3, 5 y 7 años los niños con edades de 5 y 7 años de edad cursan la primaria en una escuela pública el niño de 3 años no estudia, la señora recibe apoyo de su esposo el cual se dedica a trabajar como transportista de carga pesada, el señor trabaja en lugares como occidente, Managua y otros departamentos para que de esta forma ambos puedan aportar cierta fuente de ingresos para su familia ya que sus hijos todavía están en una etapa en la que necesitaran la ayuda de poder terminar sus estudios.

El fin que tendría el destino de esta inversión seria para poder invertir fuertemente en su negocio en el capital de trabajo que seria para la compra de mercadería ya que es su actividad económica como es ropa, calzado, cosméticos y otros para ofrecerle todo a sus clientes la forma como ella logra vender mas es realizándolo de manera ambulante, la idea que ella tiene es de poder comprar una vitrina, estante y todo tipo de accesorio para establecerse en su casa para que ella de este modo poder permanecer mas tiempo con su familia, otras de las cosas que Doña Damaris desea es incrementar y tener una variedad de productos en el negocio, ella da inicia en esta actividad de forma ambulante comercializando en sectores aledaños a su comunidad hace dos años y surge de la necesidad de colaborar en los gastos de su casa por lo que su esposo no estaba trabajando por lo que como mujer emprendedora tuvo la idea de empezar a vender ropa y aumentar un poco mas su capital e ingresos familiares

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).

About Nicaragua

  • $3,636
    Average annual income
  • 62
    View loans »
    Nicaragua Loans Fundraising
  • $23,479,050
    Funds lent in using Kiva
  • 19.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Damaris De La Concepcion working capital.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 17, 2008
Listed
Nov 1, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010