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Genaro

Update on Genaro

Genaro is single and has 3 grown children. He is a fisherman who fishes using traditional techniques, and he has been doing this work for 32 years. Because he lives in a coastal area, he takes advantages of the work resources. He started out with a small amount of his own capital, buying his means of work. Now he is requesting a loan to buy more equipment for his work such as: trammel nets, panga (wooden) boats, and a marine motor.
View original language description ↓
Genaro soltero con tres hijos mayores de edad, tiene por actividad economica la pesca artesanal a la cual se dedica desde hace 32 años, ya que vive en una zona costera aprovecha los recursos de trabajo, se inico con un poco de capital propio para comprar los medios de trabajo en la actualidad esta el financiamiento lo esta solicitando para marterial de trabajo como: trasmallo, redes, pangas, motor marino

Previous Loan Details

Genaro earns his living by selling fish, a job he’s been doing for more than 31 years. He started his business because he needed to earn more money to support his family. He’s always been a hard worker so he’s managed to make progress in life. This is not the first time that Genaro has taken on a… More from Genaro'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
  • 176
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Genaro to buy equipment for his work, including: trammel nets, other netting, panga boats and a marine motor.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2012
Listed
Jun 7, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013