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Evelyn Scarlet

Update on Evelyn Scarlet

Evelyn Scarlet is a single mother of two young children and lives in the Chinandega area in the western part of Nicaragua. She runs small businesses out of her home, selling general supplies, soft drinks and snacks and offering video-game services. She makes her purchases at wholesale markets or outside of the country, and her sales are on cash and credit, while the video-game service is with cash down. She has regular and occasional customers. Evelyn starts working very early, providing excellent services to her customers. She is known as a woman with big dreams to move up in life and make headway for her children. Some of her dreams are to see her children become professionals and to finish construction of her home so she can give them a dignified place to live. She plans to use the loan to purchase two Xbox 360s as well as televisions and to stock up on general supplies for her store. Evelyn is very grateful for the support Kiva investors provide to people with limited resources.
View original language description ↓
Evelyn Scarlet mayor de edad soltera con dos hijo menores de edad de unos de los municipios de Chinandega zona ubicada en el occidente del país. Evelyn es una microempresaria la cual posee varias actividades ubicadas en su casa de habitación como: venta de mercadería en general, venta de gaseosas y golosinas también da el servicio de juegos de nintendos, sus compras las realiza en mercados de mayoreos otras las realiza fuera del país sus ventas son al contado y al crédito y su servicio de nintendo son al contado, posee clientes fijos y eventuales ella desde muy temprano comienza su labor de trabajo brindándoles excelentes servicios a sus clientes, Evelyn se caracteriza por ser una mujer con grandes deseos de superación para sacar adelante a su pequeño hijo, uno de sus sueños es de ver formados profesionalmente a sus dos hijos y ver terminada su casa de habitación para así brindarles un techo digno donde vivir, el objetivo de este crédito es para compra de activo fijo ya que ella necesita actualizar los equipos y comprar dos consolas Xbox de 360 así también televisores y surtir su inventario de mercadería en general, Evelyn agradece mucho el apoyo que los inversionistas Kivas les ofrece a personas de bajos recursos económicos.-

Previous Loan Details

Evelyn Scarlet is an entrepreneur whose business, which is located in her home, is offering video game services. She is a client of Fundación León, which has offered her financing for her business. She has expressed to us that this has helped her a lot since she has increased the number of game... More from Evelyn Scarlet'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
  • 81
    View loans »
    Nicaragua Loans Fundraising
  • $25,792,450
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,225 helped Evelyn Scarlet to purchase equipment for her business.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 18, 2013
Aug 1, 2013
Currency Exchange Loss:
Aug 31, 2013