Update on Samuel AntonioSamuel Antonio is 48, married, with one 12-year-old son who depends on him financially. For eight years, the work he has been doing is selling general merchandise door-to-door. In Nicaragua, the people who sell door-to-door are persons with very little in the way of financial resources, compared to merchants that have a permanent location.
He sells to regular and casual customers, to whom he extends credit, and makes his collections every two weeks.
Samuel started out with his own money, and learned his business through a family member who carried on the same type of work. Samuel appears in the photo, with a bag that he uses to carry his merchandise to sell to his customers.
He also has a video game business located in his home, a business where he has 18 years of experience. He has shown himself to be a very hard-working and enterprising person. His dream is to see his businesses grow, do improvements to his house, and provide better living conditions for his son.
Previous Loan DetailsSeñor Samuel Antonio is a hardworking man who runs a business renting Nintendo games. He has a wide variety of games that his young customers ask for. He’s had his business for 17 years, and in spite of having problems such as an occasional lack of electricity, he is keen to carry on. Samuel is… More from Samuel Antonio's previous loan »
Fundación Leon 2000This 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.
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Success!! The loan was 100% repaid