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Felix Alberto

Update on Felix Alberto

Feliz Alberto is an entrepreneur; he is 49 years old, married and has eight young children. His economic activity is fishing, as he lives in a coastal area; this activity is the asset of the area. He has 21 years of experience, having started as an assistant in the boats, later on, he bought some of the equipment needed for fishing with his own savings. The financing he is requesting is to carry out maintenance on the boat motor and to buy equipment to work such as nets, hooks and fishing rods.
View original language description ↓
Feliz Alberto este emprendedor es casado de cuarenta y nueve años de edad con ocho hijos menores de edad, tiene por actividad economica a la que se dedica es la pesca ya que vive en una zona costera este actividad es la fuerte de la zona, cuenta con veinte y dos años de experiencia, se inicio como ayudante en las lanchas y posteriormente compro con ahorro propio parte de l equipo para la pesca, el financiamiento lo esta solicitando para darle mantenimiento al motor de la lacha y comprar equipo de trabajo como redes, lanzuelos, cañas.

Previous Loan Details

Félix Alberto works selling seafood and has been in this business for more than 21 years. He is a very hardworking person and enjoys his job, for which he has to get up every day at 7am and work until 6pm. He dreams of making housing improvements and has he five children, four of whom are his d... More from Felix Alberto'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
  • 115
    View loans »
    Nicaragua Loans Fundraising
  • $23,803,650
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Felix Alberto to buy work equipment such as nets, hooks and fishing rods.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2012
Listed
Jun 7, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013