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Mario Alberto

Update on Mario Alberto

Mario Alberto is an entrepreneur who has been working with Fundación León 2000 for several loan cycles. During this time, he has shown himself to be a responsible person who has a desire to do well in his fried food business. He tells us that the loans he has received have allowed him to increase the variety of food that he offers his customers. He is currently requesting a loan to buy more products such as rice, beans, sugar, oil, vegetables, bags, fruit, etc. that he needs to prepare the food that he sells.
View original language description ↓
Mario Alberto es un emprendedora que ya tiene varios ciclos que ha venido trabajando Fundación León 2000, en el cual ha demostrado ser una persona responsable y con ganas de superación en su negocio de fritanga. Durante los créditos que se le han brindado el emprendedor nos expresa que ha aumentado su variedad de comida que le ofrece a sus clientes. Actualmente el emprendedor está solicitando financiamiento para comprar más productos como arroz, frijoles, azúcar, aceite, verduras, bolsas, frutas, entre otros productos para la elaboración de la comida.

Previous Loan Details

Mario Alberto sells food and has been in this business for more than 17 years. His business is located in his home. This business was started because he needed employment that could generate household income. Mario provides the best service to his customers and is very happy because he enjoys ... More from Mario Alberto'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
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $23,659,150
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Mario Alberto to buy rice, beans, sugar, oil, vegetables, bags, fruit and other products he needs to make the food that he sells.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 8, 2012
Listed
Mar 29, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2013
This photo was used before for a previous loan for Mario Alberto. It was first posted on Kiva on Feb, 2011. Learn More