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Ricardo Jose

Update on Ricardo Jose

Ricardo José is married and works by buying and selling livestock, a job he has performed for four years. He acquired the business through his father's experience and also a bit of his own money. With this loan, he hopes to buy a large quantity of livestock because he currently has a good offer. He depends on experience in buying and selling livestock since this business is what provides for him daily. He wants to generate income for his wellbeing and that of his family so that he can then give them a better quality of life. In the future, he has dreams and goals of improving his home.
View original language description ↓
Ricardo José está casado , tiene por actividad económica la compra y venta de ganado , negocio al que se dedica desde hace cuatro años, el lo adquirió por experiencia de su padre y un poco de dinero propio El lo que pretende con el préstamo es comprar una buena parte de ganado, ya que actualmente tiene una buena oferta. El cuenta con la experiencia en la compra y venta de ganado pues este es su negocio que le brinda el alimento diariamente. El quiere generar ganancias para su bienestar y la de su familia y así poderles dar una mejor calidad de vida a futuro. En el futuro tiene sueños y metas como es mejorar su casa

Previous Loan Details

Ricardo Jose is 24 years old, married, and he lives with his son and wife. They are is greatest priorities. He plans on purchasing a good number of cattle, especially because he has a good offer. He has experience in the buying and selling of cattle. This is the business earns him a daily living.... More from Ricardo Jose'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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,383,750
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Ricardo Jose to buy livestock because he currently has a good offer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 14, 2012
Jun 8, 2012
Currency Exchange Loss:
Dec 15, 2012