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Juan Bautista

Update on Juan Bautista

Juan Bautista is an enterprising man who has used past loans to stock his business. He tells us that he is grateful for the support that he's received because he's been able to increase the range of products he sells and, in turn, his income. He is applying for a loan now that he will use to buy construction materials--roofing, construction fill, concrete, etc--for a house improvement project.
View original language description ↓
Juan Bautista es un emprendedor que ha venido trabajando en el financiamiento en la compra de productos para el negocio. Este emprendedor nos expresa que gracias al apoyo que se le ha brindado con el financiamiento ha aumentado su mercadería de igual manera sus clientes. Actualmente el emprendedor está solicitando financiamiento pero en esta ocasión es para realizarle a su vivienda algunas mejoras lo cual comprara zinc, piedra hierro, cemento, entre otros materiales de construcción.


Previous Loan Details

Juan Bautista Pérez is a 62-year-old married father of 2 school age children. He is a shoemaker. He started this business at a young age, and it has allowed him to earn a living so that he can support his children. His business is currently located in the central market. Juan’s business goal is to… More from Juan Bautista'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $3,636
    Average annual income
  • 72
    View loans »
    Nicaragua Loans Fundraising
  • $23,443,675
    Funds lent in using Kiva
  • 23.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Juan Bautista to buy construction materials for improving his house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2012
Listed
Feb 26, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013