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Ramon Nonato

Update on Ramon Nonato

Ramón Nonato is an enterprising man who been provided a loan to invest in stock for his business, thereby offering a better variety of products to his customers.

This hard worker has taken out a loan before with Fundación León 2000. Through the loan he has shown that he is a responsible person with goals to succeed. His biggest dreams are to have his business well stocked and for his business to become a distributor. Currently he is requesting a loan to purchase products such as basic grains, detergents, oil, soap, bread, among other products.
View original language description ↓
Ramón Nonato es un emprendedor que se le ha brindado financiamiento para invertir en su negocio para la compra de productos para la pulpería y ofrecerles así a sus clientes variedad de productos. Este emprendedor ya ha tenido crédito con Fundación León 2000, durante el crédito ha mostrado ser una persona responsable y con deseos de superación su mayor sueño es tener su negocio bien surtido su negocio y llegar a ser una distribuidora. Actualmente está solicitando financiamiento par a comprar productos como granos básicos, detergente, aceite, jabón, pan, entre otros productos.

Previous Loan Details

Mr. Ramón Nonato, 64, has 6 children who all work independently; he’s been a grocer for several years. Ramón will use the funds to buy stock items like: sweets, beverages, bread, milk and detergents to sell both at wholesale and retail. His wish is that his children become professionals... More from Ramon Nonato'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
  • 141
    View loans »
    Nicaragua Loans Fundraising
  • $24,080,875
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Ramon Nonato purchase basic grains, detergent, oil, soap, bread, among other products.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2012
Listed
Apr 25, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012
This photo was used before for a previous loan for Ramon Nonato. It was first posted on Kiva on Aug, 2010. Learn More