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Mauricio Antonio

Update on Mauricio Antonio

Mauricio Antonio is 28 and his principal economic activity is selling various goods. He has a newborn son and he and his wife have gotten ahead through a great deal of hard work.

Mauricio’s goal is to use the loan to buy supplies such as silverware, cosmetics, clothing and shoes and to provide his customers with a variety of products.
View original language description ↓
Mauricio Antonio tiene 28 años de edad, su actividad económica es la venta de productos varios, tiene un hijo a su cargo que está recién nacido él junto a su esposa ha salido a delante con mucho esfuerzo. El objetivo que tiene Mauricio con el préstamos es para comprar y abastecerse de productos como plata, cosmético, ropa, zapatos y poder así brindar a los clientes variedad de productos.

Previous Loan Details

Mauricio Atonio is 27 years old and he has a son in his care. He started out his business selling general store items because he is a responsible father. He works from 8 in the morning until 9 at night from Mondays to Saturdays, and this hard work has yielded good results. He is able to recover h... More from Mauricio Antonio'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
  • 94
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Mauricio Antonio to purchase supplies such as silverware, cosmetics, clothing and shoes.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2011
Listed
Nov 25, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013