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Felix Antonio

Update on Felix Antonio

Félix Adolfo is an entrepreneur that has created his own work to help his family progress and give his children the best. This businessman has worked with the Fundacion Leon 2000 before. With his last loan he proved himself to be to be responsible and wanting to better himself both on a personal and professional level. He invested his last loan in increasing his products and his clientele, and now he offers a variety of goods. Currently he is asking for a loan to buy basic grains, rice, oil, sugar, toothpaste, bread, cheese and other products for his small grocery store.
View original language description ↓
Félix Adolfo es un emprendedor que ha creado su propio herramienta de trabajo para sacar a su familia adelante y brindarle a sus hijos lo mejor. Este emprendedor ya ha trabajado con Fundación León 2000, lo cual durante el crédito ha mostrado ser una persona responsable y con deseo de superación en lo personal y en su negocio, el crédito anterior lo invirtió en el negocio aumentando su producto y sus clientes ya que le ofrece variedad de productos. Actualmente el emprendedor está solicitando financiamiento para invertir en el negocio en la compra de granos básicos, arroz, frijoles, aceite, azúcar, pasta de dientes huevos, pan, cuajada, entre otros productos para la pulpería.

Previous Loan Details

Mr. Felix Adolfo is 51 years old; he is married and has three dependent children. He has a general store in his house where he sells every day products. He has had this business for more than 15 years and it has been his source of income. He is a very humble man and a hard worker who has always m... More from Felix 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
  • 120
    View loans »
    Nicaragua Loans Fundraising
  • $24,405,100
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Felix Antonio to buy basic grains, rice, beans, oil, sugar, toothpaste, eggs, bread, cheese, and other products for his grocery store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2012
Listed
Mar 24, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013
This photo was used before for a previous loan for Felix Antonio. It was first posted on Kiva on Feb, 2011. Learn More