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Zoila Carmensa

Update on Zoila Carmensa

Zoila Carmen has a business selling general merchandise. She has been in this business for 37 years and learned the trade as a means of work which would help her to improve her family's quality of life. She will use her loan to buy a larger quantity of products to meet the high demand she has in her business. She will buy bags, creams, treatments, footwear, silver jewelry and clothes. This will help her to keep her business better stocked and to maintain her income.
View original language description ↓
La señora Zoila Carmen tiene su negocio que es la venta de mercadería en general. Desde hace 37 años, que tiene este medio de vida aprendió el oficio como una fuente de empleo que le ayudara a mejorar la calidad de vida de su familia. La señora utilizara el préstamo para comprar mayor cantidad de productos por la alta demanda de su negocio y comprar bolsos, cremas, tratamientos, calzado, prendas de plata y ropa en general. Esto le ayudara a tener su negocio mas surtido y a mantener sus ingresos.

Previous Loan Details

Zoila Carmensa is 75 years old and runs a small shop. She has experience with micro loans and her business has benefited from them. Zoila is a very responsible and self sacrificing mother. She runs her store from inside of her own home, and the income helps to cover some of the basic costs ... More from Zoila Carmensa'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.

About Nicaragua

  • $4,800
    Average annual income
  • 61
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Zoila Carmensa to buy bags, creams, treatments, footwear, silver jewelry and clothes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 7, 2011
Oct 10, 2011
Currency Exchange Loss:
Aug 16, 2012
This photo was used before for a previous loan for Zoila Carmensa. It was first posted on Kiva on Sep, 2010. Learn More