Update on Silvio JoseSilvio José is 37 years old, single, and has no children. He lives in the town of Malpaisillo in the department of León, which is known for being an agricultural area with crops such as plantains, corn, and rice. Silvio José works selling tajadas (a typical dish in Nicaragua made by cutting and frying green plantains which is served with chopped cabbage), fried potatoes, and other fried foods. He has had this business for 14 years. He has a full credit history since he always pays on time and in full. His business is located in the commercial area of Malpaisillo. He started this business with his own initiative and learned about it while he was living in Costa Rica.
Currently he is facing challenges and problems, including his mother's illness (blood pressure). He is requesting this loan to invest in ingredients such as green plantains to make tajadas. He appreciates the opportunity that Kiva loans provide to small businesses with few resources in poor countries like Nicaragua. He says thank you to Kiva lenders for the ability to have a decent way of life and for helping to eradicate poverty a little in his country.
Previous Loan DetailsSilvio José works in the preparation and sale of food. He has a great desire to advance himself and he is an excellent loan customer, since this is not the first time he has applied for a loan. He began this business because he didn't have a stable job that would provide income to maintain his… More from Silvio Jose'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