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Exalashasman

Update on Exalashasman

Exalashasman is 36 years old, married, and has three children (ages 14, 6, and 2). He lives in the Department of Chinandega, a place that is known for being a commercial area and having people who are hardworking and responsible.


Sr. Exalashasman has a convenience store in his home where he sells basic grains, vegetables, sodas, juices, and sauces to his neighbors on a cash basis. He also works as a truck driver for a sugar mill. His convenience store is located in his home and he has been in business for four years. He and his family are currently facing some challenges. For example, one of his daughters is losing vision in one of her eyes.


Exalashasman will invest his loan in merchandise so that he can restock his store. His daughter’s medical expenses have drained capital out of his business. He is grateful for the hearts of Kiva lenders who provide assistance to people with limited resources so that they can earn a decent living and provide better living conditions for their families.

View original language description ↓
Exalashasman de 36 anos de edad, casado con 3 hijos menores de edad de 14,6,2 anos el Sr.Exalashasman pertenece al departamento de Chinandega, un lugar que se caracteriza por se una zona muy comercial, con gente muy trabajadora, responsable. El sr. Tiene por actividad económica una pulpería ubicada en su casa de habitación, donde vende granos básicos, verduras, gaseosas, jugos, salsas, a vecinos de contado y también presta servicio de chofer de camión en un ingenio azucarero ,la pulperia la tiene ubicada en su casa de habitación, tiene 4 anos de tener el negocio. En la actualidad Exalashasman ha presentado desafíos y problemas que enfrenta la familia como es el problema de salud de una de sus hijas la cual esta perdiendo la visión en uno de sus ojitos. El objetivo del préstamo en invertir en mercadería para poder surtir mas el negocio, ya que por los gastos médicos de su hija de descapitalizo el negocio. El Sr. Exalashasman agradece de corazón a los inversionistas kiva la ayuda que les brindan a personas de escasos recursos para poder tener un medio de vida digno y brindarle mejores condiciones de vida a su familia.

Previous Loan Details

Exalashasman has had a grocery store for over three years. The hard work he does daily has allowed him to earn family income every day. He started the business because he did not have a steady job and needed to provide income for he has two children in his care. Most of his customers come by the… More from Exalashasman'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
  • 167
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Exalashasman to buy rice, beans, oil, bread, milk, eggs, and other products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2012
Listed
Sep 27, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013