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Nicasio Antonio

Update on Nicasio Antonio

Nicasio Antonio has a store as his primary economic activity. He has been in business for more than seven years, and he began because of the necessity of providing an income to support his family. Nicasio has always been a very responsible man, and he is always striving to improve their quality of life. This is not the first funding request he has made, so his business has been improved. With this loan he will be able to buy candy, natural drinks, juices, detergents, soups, and grains.
View original language description ↓
Nicasio Antonio tiene la actividad económica de pulpería. Hace más de 7 años que se dedica a este negocio surgió por la necesidad de tener un ingreso para su familia .Nicasio siempre ha sido un hombre muy responsable, pues siempre está esforzándose para mejorar su calidad de vida. Este no es el primer financiamiento que solicita por lo que es así que su negocio ha podido mejorar así podrá comprar golosinas, refrescos naturales, jugos, detergentes, sopas y granos básicos.

Previous Loan Details

Nicasio Antonio runs a corner shop, an activity he has been engaged in for more than 6 years, as he has always liked working independently. After having retired, he wanted to earn a regular income that would help his family. The loan he is requesting will be used to buy basic grains, detergents,… More from Nicasio Antonio'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
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $23,451,300
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Nicasio Antonio to buy sweets, natural beverages, juices, detergents, soups, and basic grains and legumes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2012
Listed
Jun 19, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013
This photo was used before for a previous loan for Nicasio Antonio. It was first posted on Kiva on Jul, 2011. Learn More