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Marcelino Alexander

Update on Marcelino Alexander

Marcelino Alexander is 39 years old, married and has two children. His business is a carpentry workshop. He is very dedicated to his work and has certain customers who go to his locale to appreciate the products he offers. He need a loan to purchase wood, nails, paste, and sandpaper, among other things. With this he will be ablt o make beds, chairs, bureaus and desks. Marcelino learned this business as a young working in other shops. Today he has his own workshop, which he has grown to support his family.
View original language description ↓
El señor Marcelino Alexander de 39 años de edad casado con dos hijo, tiene su negocio de un taller de carpintería, es una persona muy dedicada en su trabajo pues tiene ciertos cliente que llegan a su local para apreciar los producto que el ofrece. El nesecita este credito para la compra de madera clavo, pega y lijas entre otros.y asi poder elaborar cama, sillas, ropero y escritorios. Marcelino aprendió este negocio desde muy joven trabajando, en otros talleres pero hoy en día el tiene su propio taller el cual él ha venido incrementando su negocio para sustentar a su familia.

Previous Loan Details

Marcelino Alexander is 38 years old. For him, supporting his two sons is the most important thing. He has a carpentry workshop, and has been in business for over 16 years now. He started the business using earnings from the job he previously held in his aunts' carpentry workshop, where he learned... More from Marcelino Alexander'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
  • 128
    View loans »
    Nicaragua Loans Fundraising
  • $24,535,925
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Marcelino Alexander to purchase wood, nails, paste, and sandpaper.
100% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2011
Listed
Nov 21, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013