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Update on Concepcion

54-year old Concepción is affectionately called Conchita by her friends. She is married and comes from the department of Chinandega. She is known as a hardworking, responsible woman with a great desire to make something of herself. 26 years ago she decided to open a business as a way to earn money to live on.

Through her strong desire to get ahead she managed to open a small store in her house where she sells groceries in small quantities such as coffee, shampoo, tomato sauce, rice, beans, juice, bread, eggs, salt, sugar and milk. In her store Concepción also sells basic grains, frozen items, candy etc. She is very popular in her neighbourhood as she is very friendly, something that has helped her a great deal and provided her with a faithful customer base.

She is seeking a loan to buy more products to offer her customers.
View original language description ↓
Concepción conocida cariñosamente como “CONCHITA”, de 54 años de edad, casada, originaria del departamento de Chinandega, ella se caracteriza por ser una mujer luchadora, responsables y con muchas ganas de superación personal, hace 26 años decidió colocar un negocio para salir adelante y tener un medio para obtener ingresos económicos y subsistir, Gracia a su espíritu de salir adelante es que tiene por actividad una pulpería ubicada en su casa de habitación, el cual consiste en una pequeña tienda que vende productos comestibles y en cantidades pequeñas como sobre de café, sobre de shampoo, sobre de salsa de tomate, arroz, frijoles, jugos, pan, huevos, sal, azúcar, leche. su actividad económica es una pulpería donde vende: granos básicos, productos congelados, golosinas, entre otros. Conchita es muy popular dentro de su reparto, ya que ella es muy cariñosa, factor que ha favorecido mucho en su negocio, porque de esa forma ha logrado la fidelidad de su clientela. Solicita este crédito para invertir en su pulpería y aumentar la oferta de productos a su clientela.

Previous Loan Details

Concepción, 52, works hard to provide a better life for her family. Noting the lack of employment opportunities she decided to start this business: a grocery store. She works from 8am until 9pm. She’s requesting the loan to buy basic grains, detergents and snacks, among others. Her dream is t... More from Concepcion'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
  • 42
    View loans »
    Nicaragua Loans Fundraising
  • $26,238,100
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Concepcion buy clothing, personal hygiene products, basic grains, candy etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 21, 2013
Mar 26, 2013
Currency Exchange Loss:
Mar 17, 2014