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Carlos Manuel

Update on Carlos Manuel

Carlos is an adult with a common-law spouse and two children, ages 20 and 22. For 10 years he has made a living selling general merchandise such as underwear, cosmetics, china, a variety of clothing, and other things. He buys in Managua for merchants in Chinandega. In his business he also sells bicycle parts and accessories. He sells to grocery stores and others.

He has regular and occasional customers. He gives credit and collects weekly and biweekly. Carlos knows his customers very well and they request more product variety. What's difficult for him in his time is to keep his inventory because he distributes it.

He's very grateful to the Kiva lenders because they have given him the opportunity to get ahead in his business and give his family a better life.

Currently he's requesting another loan to buy clothing for children and adults and, with part of it, bicycle accessories.
View original language description ↓
Carlos Manuel mayor de edad, Acompañado con dos hijos 20 y 22 años ahora mayores de edad,hace dos años ellas estaban estudiando y estaban bajo su resposabilidad en la actualidad ya no, anteriormente su negocio era una pulperia, cuatro años despues inicia su negocio de venta de mercaderia en general, el cual tiene ya 10 años de dedicarse a este tipo de negocio donde consiste en la venta de ropa interior, cosméticos, chinería, ropa variadas y otros, el compra en Managua a comerciantes de Chinandega, al igual también tiene en su negocio la venta de Accesorios de repuestos de Bicicletas entre otros , vende a pulperías y otros tiene cliente fijos y eventuales da crédito y lo recupera semanal y quincenal, Carlos conoce muy bien a sus clientes los cuales ahora demandan más variedades de productos, lo que en su momento se le es difícil mantener inventario de mercadería ya que este las distribuye, él está muy agradecido con los inversionistas Kiva porque le han brindado la oportunidad de salir adelante en su negocio y así brindarle una mejor vida a su familia. Actualmente él está solicitando un nuevo financiamiento para la compra de ropa de niños y adultos, y otra parte en compra de accesorios de Bicicletas

Previous Loan Details

Carlos has had a grocery store for the last 14 years. It is located in his home where friends, neighbors, family members and the general public come by. Carlos knows his customers and what they need very well. This isn’t his first loan because they have been of great use to him. He is curre... More from Carlos Manuel'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
  • 56
    View loans »
    Nicaragua Loans Fundraising
  • $26,429,900
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Carlos Manuel to buy children's clothing, cosmetics, china, bicycle parts, and other merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 13, 2012
Jan 10, 2013
Currency Exchange Loss:
Sep 17, 2013