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Nicolas

Update on Nicolas

Nicolas is 52 years old and married. His business is selling dairy products such as milk, cream, cheese, curds and 'leche agria' (a fermented milk product). His business is located in Leon bus station. He would like this loan to buy more products so that he can satisfy his customers.
View original language description ↓
Nicolas, casado, de 52 años de edad, tiene por actividad economica la venta de productos lacteos como: leche, crema, queso,cuajada, lecheagra, el negocio lo tiene ubicado en la terminal de leon, el financiamiento lo quiere para comprar mas productos para sastifacer a su clientela,

Previous Loan Details

Nicolás M. R. is 49 years old and lives with his partner. He has 4 children: a 27- and a 25-year old son, and a 20- and 19-year old daughter. They are adults and work for themselves. Nicolás's life partner works with him selling milk products in the Terminal market in León. He intends to invest in… More from Nicolas'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
  • 150
    View loans »
    Nicaragua Loans Fundraising
  • $23,150,325
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Nicolas to buy dairy products to satisfy his customers.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2012
Listed
Jun 26, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2013