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Clever Jose

Update on Clever Jose

Clever José is 23 years old and has a business offering Nintendo services. He has had this business for the last 4 years. He is in charge of managing his premises and every day opens from 8 in the morning until 9 at night. He offers his customers good service which gives him a big advantage and he also started the business because no one offers this kind service in the area; he is the only one. He is asking for a loan to buy television sets, controls, discs and the like.
View original language description ↓
Clever tiene 23 años, su actividad es brindar el servicio de nintendos. Desde hace mas de 4 años que tiene este negocio a su cargo. el se hace cargo de la administración de su local, todos los días lo abre desde las 8 de la mañana hasta las 9 de la noche la buena atención que brinda a sus clientes, le proporciona una gran ventaja y además el lo inicio porque no tiene competencia pues solamente él tiene este tipo de negocio. Él está solicitando un préstamo para la compra de controles, discos, televisores, entre otros.

Previous Loan Details

Clever José is 22 years old and lives in the municipality of Achuapa where he has a business offering Nintendo services. The loan he is requesting will be used to purchase television sets, controls, records and to repair certain equipment. He launched his business at this site because no one offe... More from Clever Jose'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
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Clever Jose to buy controls, discs, televisions and other such products.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2011
Listed
Oct 9, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012