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Toribio Marcial

Update on Toribio Marcial

Toribio Marcial sells fruit and vegetables. He has been in this business for more than seven years. One of his greatest challenges is selling his produce because if he doesn't manage to do this the fruit rots and he loses it. He has a responsibility every day to make the income that he and his family need. This means that he works harder and harder every day to achieve his goals. He will use his loan to buy bananas, oranges, melons, watermelons, onions, bell peppers and tomatoes.
View original language description ↓
Toribio Marcial se dedica a la venta de frutas y verduras. Hace más de 7 años que tiene este medio de vida, uno de sus mayores desafíos es de vender sus productos pues si no lo hace las frutas se pudren y son perdidas para él. La responsabilidad que tiene todos los días de generar con su familia los ingresos necesarios, hacen que cada día se esfuerce mas para lograr sus metas. El motivo del crédito es para la compra de bananos, naranjas, melones, sandias, cebollas, chiltomas y tomates.

Previous Loan Details

Toribio sells fruits and vegetables. He is a very hardworking person and stands out by giving his customers very good service. He began working in this field by the need to meet his expenses; he has a 6 year old son that is under his care. Everyday Toribio wakes up early to begin working and to o... More from Toribio Marcial'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
  • 89
    View loans »
    Nicaragua Loans Fundraising
  • $24,770,775
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Toribio Marcial to buy bananas, oranges, melons, watermelons, onions, bell peppers and tomatoes.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2011
Listed
Sep 27, 2011
Currency Exchange Loss:
Possible
Ended:
May 17, 2012