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Silvio Jose

Update on Silvio Jose

Silvio is 36 years old. He stands out as a man with a lot of responsibilities. That is why he gets up very early to start to buy his products. He has had his business for 19 years. The dishes he offers are delicious and he enjoys them. His point of sales is located in a place frequented by a lot of customers. This loan will be taken out in order to buy basic grains, bags, disposable plates, vegetables, fruit, meat and chicken.
View original language description ↓
Silvio tiene 36 años, el se destaca por ser un hombre con muchas responsabilidades que cumplir, por ello se despierta desde muy temprano para empezar a comprar sus productos. Dicho negocio funciona desde hace 19 años, y desde entonces se dedica a ello, los platillos que ofrece son deliciosos y los disfruta. Su puesto de ventas se sitúa en un lugar muy concurrido por su clienta. Este crédito ser realizara con el fin de comprar granos básicos, bolsas, platos desechable, verduras, frutas, carnes y pollos.

Previous Loan Details

Silvio José works in the preparation and sale of food. He has a great desire to advance himself and he is an excellent loan customer, since this is not the first time he has applied for a loan. He began this business because he didn't have a stable job that would provide income to maintain his fa... More from Silvio 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
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,832,275
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Silvio Jose to buy basic grains, disposable plates, vegetables, fruit, meat and chicken.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2011
Listed
Oct 10, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012