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Edwin

Update on Edwin

Edwin is 48 years old and married. His children are adults. He lives in the town of Achuapa, and his business is a carpentry workshop located in his home. He currently has achieved success with his customer base thanks to the good service he provides building furniture. He has several years of experience, which he first acquired from his father, who taught him the trade.
He is requesting financing in order to purchase materials, such as: wood, fabric, canvas, glue, nails, foam, and other items.
View original language description ↓
Edwin de 48 años de edad, casado, con hijos mayores, de la localidad de achuapa tiene por actividad economica una carpinteria ubicada en su casa de habitacion, en la actualida ha logrado tener éxito con su clientela gracia al buen servicio que presta en la elaboracion de mueble, tiene varios años de experiencia, la cual la adquirio de su papa que le enseño el oficio, el esta solicitando el financiamiento para la compra de materiales como: madera, tela, lona, pega, clavos, esponja, entre otros.

Previous Loan Details

Edwin makes and sells furniture. He has been with Fundacion (Kiva Field Partner) for along time and the loans have been a great source of help. He has more than 13 years in his business and he is very proud to be able to provide for his son who is still in his care. All of the orders that are… More from Edwin'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
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $23,416,850
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Edwin to purchase wood, fabric, canvas, glue, nails, foam, and other items.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2012
Listed
Jun 22, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012