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Norman  David

Update on Norman David

Norman is 52 years old and a native of Leon. He thanks Kiva lenders for having confidence in him and helping him make progress with his business. He used his first loan to purchase juices, soft drinks, water and tools for his work on refrigerators. He says there have been many positive changes with his business despite the difficult economic situation. He is now requesting another loan to make improvements to his home and to purchase supplies for his barber shop and his refrigerator repair business. He desires to keep gaining ground with his business and provide a better quality of life to his family.
View original language description ↓
Norman, de 52 años de edad, originario de León, le da las gracias a los prestamistas de Kiva por haber confiado y ayudado a progresar su negocio pues lo utilizo para comprar jugos gaseosas, agua y compra de herramientas para sus trabajos en refrigeración. El expresa que hubo cambios muy positivos para su negocio a pesar de la difícil situación económica. Ahora el esta solicitando un segundo crédito para mejoramiento de su vivienda y herramientas para su barbería y reparación de freezer. Pues el desea salir adelante con su negocio y brindarle un mejor nivel de vida a su familia.

Previous Loan Details

Norman, 51, lives in the city of León. He has three children. Norman is a multifaceted man because he’s involved in a variety of jobs to earn his daily bread in an honorable way. He is a refrigeration technician, a barber and a merchant; he owns a small, home-based grocery store. He’s been ... More from Norman David's previous loan »

Additional 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
  • 115
    View loans »
    Nicaragua Loans Fundraising
  • $23,737,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Norman David to make improvements to his home and to purchase supplies for his barber shop and his refrigerator repair business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2011
Listed
Jan 11, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012