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Vany Manuel

Update on Vany Manuel

Vany Manuel is an entrepreneur who’s been working with Fundación León 2000 with credit during this cycle and has shown himself to be a responsible person with dreams in his life to see his business well established and to provide his family with the best always.

He expresses to us that he has many customers who request products and he has several pending orders. He is currently asking for a loan once again to buy an assortment of fish to fill customer orders.
View original language description ↓
Vany Manuel es un emprendedor que ha venido trabajando con Fundación León 2000 con crédito durante este ciclo ha mostrado ser una persona responsable y con sueños en la vida de ver su negocio bien establecido y brindarle a su familia siempre lo mejor. Nos expresa el emprendedor que tiene bastantes clientes que le solicitan productos que ya tiene varios encargos y actualmente está nuevamente solicitando crédito para invertir en la compra de variedad de pescado y poder cumplir con los pedidos de sus clientes.

Previous Loan Details

Vany Manuel sells fish and has been in this business for more than 21 years. The experience he has gained has been satisfactory. Vany Manuel has five dependent children. He has faced difficulties that impede his ability to move forward, such as a few occasions when he was not able to sell. Ho... More from Vany Manuel'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
  • 145
    View loans »
    Nicaragua Loans Fundraising
  • $24,086,375
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Vany Manuel to buy an assortment of fish.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2012
Listed
Apr 10, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013
This photo was used before for a previous loan for Vany Manuel. It was first posted on Kiva on Mar, 2011. Learn More