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Jose Lenin

Update on Jose Lenin

José Lenin is 58 years old and has a business that involves providing funeral services and manufacturing coffins. He has several years of experience in this business. Throughout this entire time, he has gained a lot of knowledge about how to manage his business.


The reason for this loan is so that he can buy wood, glue, fabric, nails, and other supplies. With the help of this loan, he hopes to earn an above-average income so that he can achieve his goal.

View original language description ↓
José Lenin de 58 años de edad , tiene como actividad económica servicios funerarios y a la elaboración de ataúdes, él ya tiene varios años de experiencia en esta actividad y durante este tiempo ha llegado a conocer mucho sobre el manejo de su negocio. El motivo del crédito es para la compra de madera, pega, tela, clavos, entre otros productos. De esta manera obtendrá un buen medio ingreso para lograr su objetivo.

Previous Loan Details

José Lenin, 58, owns a funeral services and coffin manufacturing business. He has owned the business for several years and he knows what it takes to operate a successful business. He will use this loan to buy wood, glue, fabric, nails and other supplies that he needs to support the business. T... More from Jose Lenin'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

  • $4,800
    Average annual income
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,575,325
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Jose Lenin to buy wood, glue, fabric, nails, and other supplies for making coffins.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2012
Listed
Jun 6, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Jose Lenin. It was first posted on Kiva on Oct, 2011. Learn More