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Mario De Jesus

Update on Mario De Jesus

Mario is 53 years old. He is from Estelí, and the father of three children, only one of whom is in his care, as the others are adults and live independently. He is a merchant by trade and sells basic staples. He also owns some mills.

He started his business with his own money, buying two mills at the age of 42. This was his first business, and he is supported by his life companion who helps him with the milling work. He used to raise livestock. He doesn't have other income, but says that the business is very good, as it has generated good earnings for him.

He is applying for the loan to buy staples such as corn, beans, rice and sugar. This will help him because he will be able to invest more in his business, with the objective of moving forward together with his family.

In the future he hopes to manage to buy a place where he can have his business, as this would reduce his expenses since he would stop paying rent. His near-term goal is to continue working in order to see his business grow, and also to keep educating his children so that they can study to be professionals.
View original language description ↓
Mario es originario de Estelí, de 53 años de edad, padre de 3 hijos de los cuales solo 1 esta a su cargo ya que los otros son mayores de edad viven independiente, el es de oficio comerciante se dedica a la venta de granos básicos y es dueño de unos molinos. Inicio su actividad con dinero propio comprando dos molinos a la edad de 42 años siendo este su primer negocio donde es apoyado por su compañera de vida la cual le ayuda en el trabajo del molino antes el se dedicaba a la actividad pecuaria, no cuentan con otros ingresos pero dice que el negocio es muy bueno ya que le ha generado buenas ganancias.
Solicita el préstamo para la compra de granos básicos como maíz, frijoles, arroz, azúcar, el cual lo ayudara ya que podrá invertir mas en su negocio con el objetivo de salir adelante con su familia, como planes futuro espera llegar a comprar el lugar donde tiene el negocio ya que le disminuirían sus gastos pues dejaría de pagar alquiler, sus metas próximas es seguir trabajando para hacer que su negocio crezca y seguir preparando a sus hijos para que tengan estudios profesionales.

Previous Loan Details

Mario is 52 years old and a native of Concordia, Jinotega. He is married with three children. He has made a living for the past 10 years with his mill business and as a merchant. He was in his second year of high school but had to go get a job and couldn't continue his education since his parents... More from Mario De Jesus's previous loan »

Additional Information

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
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,738,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mario De Jesus to buy corn, beans, rice and sugar.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2012
Listed
Apr 21, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012