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Leonidas Del Carmen

Update on Leonidas Del Carmen

Leónidas continues working on his own because both his taxi and his truck provide public service; this has been his source of support for many years. His wife still works as a receptionist and always helps him cover basic household expenses. Of his seven children, only two are still in school; the others are married adults and one of them works with him with the taxi and another with the truck.

He is contracted to work for the Kinder and Unilever firms and also for a hardware store; they pay him by the trip. His difficulty the last few weeks has been that the truck bed is in poor condition due to the years of use it’s had and, because he’s responsible, he’s taken the truck out of service.

The loan, therefore, will be used to negotiate a larger truck bed that he hopes will make it possible for him to continue providing trips in good condition thus satisfying customers and meeting his personal needs.
View original language description ↓
Don Leonida sigue trabajando por cuenta propia, pues tanto su camion como su taxi, prestan el servio al publico, de lo cual se ha mantenido por varios años,
Su esposa sigue laborando como recepcionista, y siempre apoya con los gastos basicos del hogar, de sus siete hijos,solo dos cursan el años escolar, siendo mayores y casados los otros. y de los cuales trabajan con el, uno en el taxi y dos en el camion. ya que trabaja por contrato en la empresa kinder, la unilever, y en una ferreteria, con materiales de construccion. Pues le pagan por viajes. Lo que se le ha hecho dificil en estas ultimas semanas ya que el camastro del camion esta en mal estado por el uso de los años y por ser responsable, esta parado su medio de transporte.
Lo que atraves del financiamiento hara la compra de un camastro grande, negociable y que espera poder seguir prestando su servicios de viaje en buen estado. Sastifaciendo al cliente y sus necesidades personales.


Previous Loan Details

Leónidas is a small merchant who has been growing thanks to his tenacity of effort to support his family. He’s married and his wife is employed as a Receptionist. They manage to provide the basics for their family. His many years work for City Hall made it possible for him to use savings to… More from Leonidas Del Carmen's previous loan »

Additional Information

About AFODENIC

This loan is administered by AFODENIC, La Asociación para el Fomento al Desarrollo Nicaragua, a Kiva Field Partner based in Managua, Nicaragua. Founded in 1999, AFODENIC was created to promote the socio-economic and cultural development of sectors that are excluded from commercial banking. Integrating economic and human resources, AFODENIC offers affordable and adaptable financial services aimed at strengthening the family unit of their clients, who include students, producers, and micro- and small entrepreneurs from rural and urban areas. AFODENIC is a socially responsible institution engaged in society and making a positive impact on its professional partners and communities.

Supporting a borrower through AFODENIC contributes to the pursuit of innovation in mitigating poverty in Nicaragua. Visit AFODENIC’s partner page for more information.

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
  • 176
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Leonidas Del Carmen to buy a new truck bed.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 13, 2011
Listed
Nov 1, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2013