Yaritza Del Carmen
Update on Yaritza Del CarmenYaritza, 35 years old, originally from León, and a single mother with a young daughter, can be characterized as being hard working, responsible, with the desire to improve herself. This young woman has a great desire to improve herself, so she commits herself one hundred percent in her business because she wants to see her business and her income grow, in order to have better economic stability and offer a better future to her little daughter.
Thanks to her efforts and her wish to get ahead, she has as her business the sale of children's clothing such as dresses, skirts, pants, shirts, shorts, socks, underwear, and she sells them in her home and as a street vendor. She works in this business some ten hours a day, offering her merchandise to regular and occasional customers. The objective of the loan is to invest in working capital and to stock her business so that in the not so distant future she can have more income. Yaritza is thankful for the help the Kiva investors offer to people with limited resources and in poor countries such as Nicaragua so that they have have a dignified means of work.
Gracias a su esfuerzo y sus ganas de salir adelante tiene por actividad económica la venta de ropa de niños como: vestidos, faldas, pantones, camisas, short, calcetines, ropa interior, en su casa de habitación y de forma ambulante. Ella dedica a su negocio unas diez horas diarias ofreciendo su mercadería a clientes fijos y eventuales. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio para que en un futuro no muy lejano pueda obtener mejores ingresos. Yaritza agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.
Previous Loan DetailsYaritza Del Carmen is 32 years old. Her business activity is selling general merchandise. She has been in this business for more than 8 years. She started when she was very young since she has always liked getting her family ahead and she has liked working and becoming independent in this way.… More from Yaritza Del Carmen'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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