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William De Los Reyes

Update on William De Los Reyes

William de Los Reyes sells veterinary products for a living. He has had this business for more than seven years, and though he hasn't always had a large number of customers, he always offers the best service. This loan will be used to buy vitamins, pills, supplements, syrups, and other products. William's is a traveling business, as he has to take different buses to offer his products. William dreams of continuing to make improvements to his home.
View original language description ↓
William De Los Reyes se dedica a la venta de prodcutos veterinarios. Hace más de 7 años que tiene este negocio, a pesar de que no ha tenido una gran cantidad de clientes el siempre brinda el mejor servicio. El motivo del crédito es para la compra de vitaminas, pastillas, suplementos, jarabes entre otros prodcutos, la forma de William es de manera ambulante pues tiene abordar diferentes buses para ofrecer sus prodcutos. William sueña con seguirle proporcionando mejoras a su vivienda.

Previous Loan Details

Mr. William is a 38-year-old man who sells medicine for a living. It should be pointed out that he purchases his products wholesale in Managua so that he can obtain the best prices and bigger profits. This is not the first time that he requests a loan, as they have been a big help. He started his... More from William De Los Reyes'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
  • 142
    View loans »
    Nicaragua Loans Fundraising
  • $24,080,875
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped William De Los Reyes to buy vitamins, pills, supplements, and syrups for his veterinary business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2011
Listed
Oct 19, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012