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Reynaldo Antonio

Update on Reynaldo Antonio

Reynaldo Antonio is a Fundación León 2000 client whose economic activity is renting out apartments; he started this business because he needed to generate family income but in time he fell in love with this business and today he is very dedicated to it and his customers are satisfied because of the service he provides. Reynaldo at present is requesting a loan to buy sheets and mattresses among other necessary décor items for the apartments he rents out.
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Reynaldo Antonio es un cliente de Fundación León 2000, tiene una actividad económica que es la renta de apartamentos en el cual este negocio que el emprendió fue por necesidad de generar ingresos a la familia pero al pasar de los años se enamoro de este negocio y hoy en día le dedica mucha dedicación y sus clientes están satisfecho por su servicio que le brinda. Actualmente Reynaldo está solicitando financiamiento para comprar sabanas, colchones, entre otros arreglos necesarios para los apartamentos que renta.

Previous Loan Details

Reynaldo Antonio's business is renting apartments. He has been in this business for more than 21 years. He started the business as a way of making income for his household. Reynaldo Antonio has always enjoyed working hard. He does not have a job that makes him daily income. Most of his custo... More from Reynaldo 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

  • $3,636
    Average annual income
  • 63
    View loans »
    Nicaragua Loans Fundraising
  • $23,461,725
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Reynaldo Antonio to buy sheets and mattresses, among other items.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2011
Listed
Dec 29, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012
This photo was used before for a previous loan for Reynaldo Antonio. It was first posted on Kiva on Mar, 2011. Learn More