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Lipcia Carolina

Update on Lipcia Carolina

Lipcia Carolina is 39 years old, married, and has a twelve-year-old son. She is originally from León, located in the western part of the country. Sometimes she likes to enjoy the regional cuisine with her family: traditional dishes like “indio viejo.” Unfortunately, because she lacked the financial resources, she was not able to attend university, but she would have liked very much to go to nursing school.

Thanks to her enterprising spirit and her eagerness to get ahead, she went into business selling merchandise such as fragrances, cosmetics, foundation, rouge, eye shadow, eye liner, lipstick, and assorted clothing like pants, shirts, shorts, and skirts. She dedicates approximately ten hours a day to her business, and works from home as well as delivering orders door-to-door.

Her goal for this loan is to invest in working capital and stock her business so that in the near future she may obtain better income. Lipcia Carolina appreciates the help Kiva investors offer to people with limited resources in poor countries like Nicaragua, so that they can earn a decent living.
View original language description ↓
Lipcia Carolina de 39 años de edad, casada con un hijo de 12 años. Originaria de León, lugar que está ubicado en la zona de occidente del país. En algunas ocasiones le gusta disfrutar en compañia de su familia de la cocina y comida típica de la región como “indio viejo”; lamentablemente por falta de recursos económicos no pudo cursar una carrera universitaria, pero le hubiera gustado mucho poder estudiar enfermería profesional.

Gracia a su espíritu de emprendedor y sus ganas de salir adelante es que tiene por actividad económica la venta de mercadería como perfumes, cosméticos, base, rubor, sombras de ojos, lapiz de ojos, lapiz labial, ropa variada pantalones, camisas, short, faldas. Ella dedica a su negocio aproximadamente unas 10 horas diarias, actividad que la desempeña en su casa de habitación y de forma ambulante por encargo. 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. Lipcia Carolina agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

Lipcia Carolina's business is the sale of general merchandise. This is not the first time she has taken out a loan, so she already has some experience. She has demonstrated over time that she is responsible, reliable in her payments, hardworking, and of good moral character. Her daily routine... More from Lipcia Carolina'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
  • 71
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Lipcia Carolina to purchase assorted clothing and cosmetics like fragrances, rouge, foundation, eye shadow, makeup remover, and lipstick.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 12, 2013
Mar 19, 2013
Currency Exchange Loss:
Apr 16, 2014