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Lucia Del Carmen

Update on Lucia Del Carmen

Lucia Del Carmen is an entrepreneur who has received the support of a previous loan. It helped her to increase her merchandise and also her number of customers as she is now able to offer them a variety of products. Over the course of her previous loan, she showed herself to be a responsible person with many goals, one of which is expanding her business. She is requesting this loan to buy products such as sports shoes, sandals, boots, flip-flops (thongs) for the beach, sneakers and other styles of shoes that her customers are looking for.
View original language description ↓
Lucia Del Carmen es una emprendedora que se le ha apoyado en el crédito en el cual aprovechado ya que ha aumentado su mercadería y su cliente por que le ofrece variedad de productos. Durante el financiamiento ha demostrado ser una persona responsable y con muchas metas que una de ellas es ampliar su negocio. Actualmente está solicitando financiamiento para comprar productos como zapatos deportivos, sandalias, botas , chinelas playeras, zapatillas entre otros estilos zapatos que le buscan sus clientes.

Previous Loan Details

Lucia Del Carmen is 49 years old. Her activity is footwear retailing. She’s been in this business for over two years. Lucia is an elementary school teacher and she started this business with much sacrifice because the salary she earns is very low and she needs to generate income for her family... More from Lucia 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.

About Nicaragua

  • $4,800
    Average annual income
  • 45
    View loans »
    Nicaragua Loans Fundraising
  • $26,238,100
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Lucia Del Carmen to buy sports shoes, sandals, boots, flip-flops (thongs), sneakers, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 16, 2012
Apr 23, 2012
Currency Exchange Loss:
Mar 21, 2013
This photo was used before for a previous loan for Lucia Del Carmen. It was first posted on Kiva on Jun, 2011. Learn More