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Juan Amilcar

Update on Juan Amilcar

Juan Amílcar is 62 years old, married, and has six adult children. He is a beekeeper. He started his business ten years ago. He started working with a honey production company, and later, with time, lots of effort, and savings, he was able to start his own business, which is the one he currently owns. He is requesting this loan because he would like to purchase a smoker, fuel, and bee suits, among other useful items for honey production. The biggest challenge he has always had as a businessman has been that sometimes he has not had many sales. As a result, his biggest dream has always been to establish a family business so that his children could work with him.
View original language description ↓
El señor Juan Amílcar tiene 62 años, es casado y tiene 6 hijos, ya son mayores de edad. El señor se dedica a la apicultura El señor dio inicio a este negocio hace 10 años, primeramente el trabaja con una empresa que realizaba este negocio y después, con el tiempo y con mucho esfuerzo y ahorro pudo hacerse de su propia actividad que es el que actualmente posee. El señor está solicitando este crédito ya que piensa comprar pinza, combustible, trajes entre otras cosas que son útiles para la producción de miel. El mayor desafió que siempre ha tenido él como empresario ha sido que algunas veces no ha tenido muchas ventas. De allí nace que su mayor sueño siempre ha sido establecer una empresa familiar y que sus hijos puedan trabajar con él.

Previous Loan Details

Juan Amílcar is 62 years old, he is married and has 6 adult children. He engages in beekeeping. He started this activity 10 years ago; at first he was working for a company working in this field, then, in time, with great effort and by saving, he has been able to start his own activity, which is… More from Juan Amilcar'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
  • 171
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Juan Amilcar to purchase a smoker, fuel, and bee suits, among other useful items for honey production.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2012
Listed
May 12, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012
This photo was used before for a previous loan for Juan Amilcar. It was first posted on Kiva on Nov, 2010. Learn More