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Yader Alexander

Update on Yader Alexander

Yader Alexander is an entrepreneur who has received a loan to buy materials to produce the trophies he creates for his customers, who frequently visit him, and he already has many pending orders. The service he offers is very requested by his customers, and he is in love with his activity, to which he dedicated a lot of time and a deep passion. He is currently requesting a loan to buy silver, ribbons, medals and other products to create trophies.
View original language description ↓
Yader Alexander es un emprendedor que se le ha apoyado en el financiamiento en la compra de materiales para la elaboración de los trofeos que él elabora para sus clientes que le solicitan frecuentemente lo visitan ya tiene varios pedidos pendiente. El negocio que emprendió es muy demandado por sus clientes y el está enamorado de su negocio que le brinda mucho empeño y dedicación. Actualmente está solicitando financiamiento para la compra de plata, cintas, medallas, entre otros productos para la elaboración de los trofeos.

Previous Loan Details

Yader Alexander is 23 years old. His business is selling and making trophies. He has been in this business for more than two years. He is a very hard-working and responsible man as he knows that he must take care of his family. Yader learned this business on his own initiative as he used to b... More from Yader 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

  • $3,636
    Average annual income
  • 146
    View loans »
    Nicaragua Loans Fundraising
  • $24,099,050
    Funds lent in using Kiva
  • 23.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Yader Alexander to buy silver, ribbons and medals to crete trophies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 12, 2012
Listed
Feb 17, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Yader Alexander. It was first posted on Kiva on Sep, 2011. Learn More