Update on Jose AnastacioJosé Anastasio is 51 years old. He comes from Chinandega, in the municipality of Posoltega, which is located in the western part of the country. The people there are village people whose main economic activity is the raising and selling of hogs. José Anastasio is married, with six children aged 20, 18, 17, 15, 14 and 10. Four of his children are dependents, as they are students and still minors.
His business, which he has been running for 25 years, is itinerant. Unfortunately, due to a lack of financial resources, he was not able to pursue a university education and has therefore had to fight hard for his children to have better opportunities.
José Anastasio's routine is to get up at 4:00am every day to begin his journey to regions that are both nearby and far away to buy live hogs and resell them to butchers who will then sell the meat. He goes about this activity using a wagon pulled by horses, which he owns. He travels in the same wagon with the hogs.
He needs the financing in order to invest in the purchase of hogs to offer his established and new customers. José Anastasio is grateful to the Kiva investors for their help and opportunities for a dignified life that they offer the small vendors with few resources living in poor countries like Nicaragua. In this way, they are helping to eradicate some of the poverty of our country.
Previous Loan DetailsJosé Anastaco is 50 years old, and he comes from the community of Posoltega. He engages in buying, selling and slaughtering pigs. He has 6 children whom he is responsible for, and he teaches them to earn their living in a very honorable way. He has requested a loan to buy 3 pigs. In the future he... More from Jose Anastacio'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