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Juan Bautista

Update on Juan Bautista

Juan Bautista, 61, has been running his grocery store for about six years. He stocks milk, rice, oil, sugar, toilet paper, tuna, eggs, snacks, fruit and soft-drinks. His store is located in his home where most of his customers come by to buy the variety of products he offers. He has requested a loan to buy more groceries. His only goal is that the business grow and to have more products available for his customers.
View original language description ↓
Juan Bautista de 61 años, desde hace 6 años aproximadamente se ha dedicado a su pulpería en donde ofrece leche, arroz, aceite, azúcar, papel higiénico, atún, huevos, golosinas, frutas y bebidas. Su negocio lo tiene establecido en su viven en donde la mayoría de sus clientes llega a comprar la variedad de productos que ofrece ha solicitado un crédito para comprar más mercaderías comestibles, con el único ideal de que su negocio crezca y tenga más productos para ofrecerles a sus clientes.

Previous Loan Details

Juan Bautista, age 60, is married. He and his wife have 2 grown children. Señor Juan has a small grocery store in his house. He began his business 5 years ago. He also sells pork because he is always looking for ways to bring in income.

The loan will be invested in the purchase of vario... More from Juan Bautista'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
  • 128
    View loans »
    Nicaragua Loans Fundraising
  • $23,814,675
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Juan Bautista to buy more groceries.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2011
Listed
Oct 20, 2011
Currency Exchange Loss:
Possible
Ended:
May 17, 2013