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Adolfo Antonio

Update on Adolfo Antonio

Adolfo Antonio, 32, is single and has an 8-year-old son. This entrepreneur’s economic activity is being a cattle merchant. He’s been in business 8 years and does it from place to place. He started the business having learned from his father who was a cattleman. He used his own capital. At present, market demand has increased thanks to his efforts and drive to improve personally and to the help that León 2000 and the Kiva program gives to help small merchants in the zone to improve their lives. He needs the loan to buy cattle to satisfy customer demand.
View original language description ↓
Adolfo Antonio de 32 años de edad de soltero con un hijo de ocho años, este emprendedor tiene por actividad economica comercio de ganado, tiempo de tener el negocio 8 años, el negocio lo tiene de forma ambulante, el negocio lo inicio y aprendio de su papa que era ganadero, y con un propio de capital propio , en la actualidad ha crecido su demanda en el mercado ,gracias a su esfuerzo y ganas de superacion personal y la ayuda que leon 2000 y el programa kiva le brinda para ayudarle a superar de vida a los pequeños comerciantes de la zona. El financiamiento lo necesita para imvertir en la compra de ganado para sasfifacer la demanda de sus clientes.

Previous Loan Details

Adolfo Antonio is 31 years old. He makes a living buying and selling cattle. This type of work is very popular in his country, as it is the way of life for the majority of people. Adolfo Antonio has been in this business for over eight years. He started because of his family and learned this busi... More from Adolfo 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
  • 123
    View loans »
    Nicaragua Loans Fundraising
  • $23,814,675
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Adolfo Antonio to buy cattle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2012
Listed
Jul 17, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2013