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Manuel Ernesto

Update on Manuel Ernesto

Manuel Ernesto is an entrepreneur who has fought to get ahead and have his own means of offering his family the best. He has already worked with Fundación León 2000, where he used the credit toward the purchase of products for his business. He has expressed his appreciation to us for the support, which has allowed him to increase his investment with the purchase of products to offer his customers. Currently, he is asking for financing to buy basic staples, such as bread, eggs, detergent, toothpaste and other items.
View original language description ↓
Manuel Ernesto es un emprendedor que ha luchado por salir adelante y tener su propia herramienta de trabaja para brindarle a su familia lo mejor, este emprendedor ya ha venido trabajando con Fundación León 2000, en el cual en el crédito anterior lo utilizo en el negocio en la compra de productos nos expresa el emprendedor que gracias al apoyo ha aumentado su inversión en la compra de productos para ofrecerle a sus clientes. Actualmente el emprendedor está solicitando financiamiento para la compra de productos como granos básicos, tan pan, huevos, detergente, pasta de diente entre otros productos.

Previous Loan Details

Manuel Ernesto is 25 years old and he has a grocery store. He has been doing this for more than 8 years. He set up the business so as to have a source of income for his family. Manuel and his family go through a lot every day. With the store as a means of income, he wants to improve the basic… More from Manuel Ernesto'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
  • 169
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,825
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Manuel Ernesto to buy basic staples, such as bread, eggs, detergent, toothpaste and other items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2012
Listed
Apr 19, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013
This photo was used before for a previous loan for Manuel Ernesto. It was first posted on Kiva on Oct, 2011. Learn More