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Douglas Cesareo

Update on Douglas Cesareo

Douglas is 44 years old, married, and makes and sells backpacks as his economic activity. He has more than 8 years experience in his business and is a very reponsible man who enjoys this activity. He also offers bags, purses, hats, and more. He sells every morning as a street vendor and fromhis house. He is asking for the loan to buy leather, canvas, all sizes of zippers, clasps, buttons, buckles and other tools.
View original language description ↓
Douglas tiene 44 años, casado, tiene por actividad económica la elaboración de mochilas compra y venta. Hace más de 8 años que tiene experiencia en su negocio, por lo que es un hombre muy responsable y disfruta de su actividad., también ofrece bolsos, carteras, gorras, mochilas y otros. El recorrido que realiza es de manera ambulante y en su vivienda. El financiamiento que solicita es para la compra de cuero, lona, zipper de todo tamaño, broches, botones hebillas y otras herramientas.

Previous Loan Details

Douglas is 44 years old and works making, buying and selling backpacks. He has been in this business for more than seven years, as he is a very responsible man and enjoys his work. He knows that he has to get up early because he sometimes receives extraordinary requests. He also sells bags, pu... More from Douglas Cesareo'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
  • 146
    View loans »
    Nicaragua Loans Fundraising
  • $24,099,050
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Douglas Cesareo to buy leather, canvas, zippers in all sizes, clasps, buttons, buckles and other tools.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2012
Listed
Jun 12, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013
This photo was used before for a previous loan for Douglas Cesareo. It was first posted on Kiva on May, 2011. Learn More