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Alcides Antonio

Update on Alcides Antonio

Alcides Antonio’s an entrepreneur who has striven to follow his dream of having his own business and move his family forward. This entrepreneur has been working with a Fundación León 2000 loan and he’s shown himself to be a responsible, very hardworking person. He used the previous loan to buy a variety of products to offer his customers. He is now asking for financing to buy products like basic grains, oil, snacks, soap, detergent, eggs and bread, among others.
View original language description ↓
Alcides Antonio es un emprendedor que ha luchado de ser seguir su sueño de tener su propio negocio y sacar a su familia adelante, este emprendedor ya ha venido trabajando con Fundación León 2000 en crédito en el cual ha demostrado ser una persona responsable y muy trabajadora con el crédito anterior invirtió en el negocio en la compra de variedad de productos para ofrecerles a sus clientes. Actualmente está solicitando financiamiento para la compra de productos como granos básicos, aceite, golosinas, jabón, detergentes, huevos, pan entre otros.

Previous Loan Details

Alcides Antonio, 26, has been a grocer for over 6 years. He has always enjoyed this activity because he’s a tenacious person who is very responsible for his minor son. Despite the lacks and difficulties he’s suffered he has gotten ahead. He requests funds to buy rice, beans, sugar and cooking… More from Alcides 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
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $23,448,750
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Alcides Antonio to buy stock merchandise for his store.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2012
Listed
Apr 17, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012
This photo was used before for a previous loan for Alcides Antonio. It was first posted on Kiva on Sep, 2010. Learn More