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Modesto Gilberto

Update on Modesto Gilberto

Modesto Gilberto sells floral items. She is a hardworking person who has maintained her business for the past six years. She has always provided her customers with great service. She started this business in order to support her family. This is how she can help her children succeed. She works on her own. She will use this loan to buy crowns, flowers, baskets, special plastic items, wire, oasis and sticks.
View original language description ↓
Modesto Gilberto se dedica a la venta de ofrenda floral. Es una persona muy trabajadora, pues ha mantenido el negocio desde hace más 6 años, siempre les ha brindado a sus clientes un buen servicio. Inicio este medio de vida por la necesidad de mantener su familia es así que han logrado sacar a sus hijos adelante actualmente trabajan de manera independiente. El motivo del crédito es para la compra de corona, flores, canastas, plásticos especiales, alambres, oasis y ramos.

Previous Loan Details

Modesto Gilberto makes a living selling floral arrangements. He is a very hard worker and has maintained his business for more than five years. He has always provided his customers with good service. He started this business for his wife, who told him to set up this type of business in their home... More from Modesto Gilberto'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
  • 118
    View loans »
    Nicaragua Loans Fundraising
  • $24,398,000
    Funds lent in using Kiva
  • 23.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Modesto Gilberto to buy crowns, flowers, baskets, special plastic items, wire, oasis and sticks.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2012
Listed
Jun 5, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013
This photo was used before for a previous loan for Modesto Gilberto. It was first posted on Kiva on May, 2011. Learn More