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Telson Misael

Update on Telson Misael

Telson Misael is 30 years old and has four children, two of whom depend on his income from working as a security guard.

He is requesting this loan to make improvements consisting of replacing the floor of his house, which he has been unable to do in the past year due to a lack of resources as his salary does not allow him to make the investment. Because of this, he resorted to a loan. With the financing, he will buy tiles, cement and other construction materials. His dream is to fix his house up well in the near future.
View original language description ↓
Telson Misael de 30 años de edad, acompañado con 4 hijos de los cuales dos depende de sus ingresos, el desempeña como guarda de seguridad, el está solicitando el prestamos para hacer mejoras que consisten en cambio del piso de la casa, el cual desde hace un año no había podido realizar mejoras por falta de recursos porque el salario no le permite hacer la inversión por lo cual recurrió al préstamo, con el financiamiento comprara cerámica, cemento y otro materiales de construcción. Su sueño es arreglar bien su casita en un futuro cercano.

Previous Loan Details

Telson Misael is 29 years old, he works as a security guard in one of the local companies and has been working there for many years. Telson has a home to which for a while he has wanted to do renovations on, but with his salary he hasn't been able to work on them. Telson is requesting a loan to... More from Telson Misael'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $4,800
    Average annual income
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $25,083,125
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Telson Misael to buy construction materials such as tiles, cement and others.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 9, 2012
Aug 31, 2012
Currency Exchange Loss:
Sep 17, 2013