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Juan Irene

Update on Juan Irene

Juan Irene butchers pigs. This has been his way of earning a living for the last 11 years. He started out on his own initiative despite not having much working capital. He started out with little and in time managed to secure a clientele. The reason for the loan is to buy pigs because he currently has good offers but he also has to pay to have the pigs transported to his house. Juan dreams with his children becoming professionals and upstanding citizens. He has four children in his care that he teaches daily how to earn a living.
View original language description ↓
Juan Irene se dedica a al destace de cerdo. Hace más de 11 años que tiene este medio de vida. Inicio por cuenta propia a pesar que no tenía mucho capital de trabajo empezó con poco y con el paso del tiempo logro obtener sus clientes. El motivo del crédito es para la compra de cerdos pues actualmente tiene buenas ofertas además de esto tiene que pagar el traslado de los cerdos hasta su vivienda. Juan sueña con que sus hijos sean profesionales y que puedan ser personas de bien tiene 4 hijos bajo su cargo que todos los días les enseña a ganarse el pan de cada dia.

Previous Loan Details

Juan Irene is 43 years old. His business is butchering and selling pigs, and he has been in this business for more than 10 years. He started his business as he was faced with the lack of work that afflicts our country. He was an agricultural worker and jobs in this field are becoming increasin... More from Juan Irene'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
  • 97
    View loans »
    Nicaragua Loans Fundraising
  • $24,800,300
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Juan Irene to buy pigs.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2011
Listed
Oct 14, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012