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Nicolas

Update on Nicolas

Nicolás sells dairy products and has been in that business for more than 18 years. He began this business of his own initiative. The majority of his clients come to his house to buy his products and so it’s there that he has his business. He is asking for this loan to buy milk, curd, cheese, sour milk, etc. He dream is to have a truck which could help him distribute his products.
View original language description ↓
Nicolás se dedica a la venta de productos lácteos, tiene más de 18 años de tener este medio de vida. Fue por iniciativa propia que empieza este negocio, la mayoría de sus clientes llegan a su vivienda a comprar sus productos pues es aquí que él tiene su negocio. Él solicita este crédito para la compra de leche, cuajada, queso, leche agria entre otros. El sueña con obtener un camión que le ayude a repartir sus productos.

Previous Loan Details

Nicolás M. R. is 49 years old and lives with his partner. He has 4 children: a 27- and a 25-year old son, and a 20- and 19-year old daughter. They are adults and work for themselves. Nicolás's life partner works with him selling milk products in the Terminal market in León. He intends to invest i... More from Nicolas'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

  • $3,636
    Average annual income
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $23,820,300
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Nicolas to buy milk, curd, cheese, sour milk, etc.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 8, 2011
Listed
Sep 24, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012