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Alfredo Antonio

Update on Alfredo Antonio

Alfredo Antonio is already a client of Fundación León 2000. With his previous credit, he invested in products in order to offer his clients more variety and in that way increase his products as well as his client base. During the phase of his first loan, he has proven to be responsible and above all he has clear objectives to continue growing his business every day. Currently this businessman is asking for credit in order to buy chromium, sodium sulfate, sodium chloride and other products that his business requires.
View original language description ↓
Alfredo Antonio ya es cliente de Fundación León 2000, en el crédito anterior lo invirtió en productos para ofrecerles a sus cliente una variedad y así aumentar tanto sus productos como sus clientes. Durante el financiamiento ha mostrados ser responsable y sobre todo tiene objetivos bien definido para ir creciendo cada día en su negocio. En la actualidad el emprendedor está solicitando crédito para comprar cromo, sulfato de sodio, cloruro sódico entre otros productos que requiere el negocio.

Previous Loan Details

Alfredo Antonio is a hardworking man who has shown himself to be an excellent client. He is 45 years old and his economic activity is providing services in a tannery. He has been working in this business for more than 15 years. Alfredo started in this line of work on his own, and he always put... More from Alfredo 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
  • 120
    View loans »
    Nicaragua Loans Fundraising
  • $24,430,250
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Alfredo Antonio to buy chromium, sodium sulfate, sodium chloride and other products that his business requires.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2012
Listed
Apr 26, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013
This photo was used before for a previous loan for Alfredo Antonio. It was first posted on Kiva on Apr, 2010. Learn More