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Moises Elias

Update on Moises Elias

Moisés Elías is an entrepreneur who has been working with Fundación León 2000. He has been offered a loan and has demonstrated that he is a responsible person with desires of improving his personal and business situations. The entrepreneur expresses that with the support of the loan, he has expanded his product as well as his customer base. Now he is requesting a new loan to purchase more pigs and food for the animals.
View original language description ↓
Moisés Elías es una emprendedor que ha venido trabajando con Fundación León 2000, en el cual se le ha brindado crédito y ha demostrado ser una persona responsable y con deseos de superación en lo personal y en su negocio. El emprendedor nos expresa que con el apoyo en el financiamiento ha aumentado su producto además sus clientes también, actualmente está solicitando nuevamente crédito para comprar más cerdos y comida para los animales.

Previous Loan Details

Moisés Elías, 32, has three minor children in his care. He raises pigs because he’s always looking for ways to get ahead. He has been in this business for over 10 years always looking for ways to improve his family’s economic condition. As a responsible father he has always liked to work. ... More from Moises Elias'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

  • $4,800
    Average annual income
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,551,600
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Moises Elias purchase pigs and food for the animals.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2012
Listed
Apr 22, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013
This photo was used before for a previous loan for Moises Elias. It was first posted on Kiva on Nov, 2010. Learn More