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Everth Omar

Update on Everth Omar

Everth Omar is 42 years old and has a grocery store. He’s an enterprising person who enjoys business. This is not his first loan request and he feels very happy. He’s an enterprising man who is willing to work hard to reach his goals. He likes to be ahead of the competition and thinks that in order to reach a goal the best formula is to constantly improve ourselves. This is how he decided to take out this loan that will allow him to buy snacks, soft-drinks, basic grains, bread and beverages, among other products. Everth trusts that with his effort and dedication he’ll manage to bring economic security to his home and an improved quality of life for his family.
View original language description ↓
Everth Omar tiene 42 años, su actividad es una pulpería. El es una persona emprendedora que disfruta de negocio. Esta no es la primera vez que solicita créditos por lo que se siente muy contento, es un hombre emprendedor dispuesto a trabajar duro para alcanzar sus objetivos, le gusta estar adelante de la competencia, el piensa que para poder ascender a una meta la mejor fórmula es superarnos constantemente fue así que decidió realizar este crédito que le permita comprar golosinas, refrescos, granos básicos, pan, gaseosas, entre otros productos. Eveth tiene la confianza que con su esfuerzo y dedicación lograra llevar a su hogar seguridad económica y una mejor calidad de vida para su familia.

Previous Loan Details

41-year old Everth Omar earns his living running a grocery and photography store. He’s had the business for more than ten years. Every morning he gets up early and works from 7 am to 9 pm. As the majority of his customers are neighbours, friends, and relatives, he wants to provide them with… More from Everth Omar'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
  • 161
    View loans »
    Nicaragua Loans Fundraising
  • $23,192,125
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Everth Omar to buy stock merchandise for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2011
Listed
Oct 31, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012