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Justino Adolfo

Update on Justino Adolfo

Justino is 45 years old. He's in a common law marriage and has a 9-year-old son. He comes from the town of Chinandega. Chinandega is known as a thriving commercial area; it's a border area, which facilitates the trade in Chinandega. Justino's business is taxi services, which he has been providing for 12 years in the town of Chinandega. He has both casual and regular customers, such as company employees. He acquired his taxi cab many years ago as a result of his own efforts. He had been working abroad, and with the money he brought back he was able to purchase his taxi, which has been his and his family's livelihood. Justino has already worked with Fundación León 2000 before, and he has proven himself to be responsible with his repayments, both in terms of time and form. The challenges and hardships that the family has faced in the business are a few mechanical flaws in the engine of his taxi, which is the reason why he's requesting the loan. His dream for the future is to keep on working hard and eventually buy another taxi cab. Justino gives thanks for the help that Kiva lenders provide for underprivileged people from poor countries such as Nicaragua.
View original language description ↓
Justino de 46 anos de edad, en unión libre, con un hijo de 9 anos pertenece al municipio de Chinandega. Chinandega es un lugar que se caracteriza por ser una zona comercial prospera, es una zona fronteriza que facilita el comercio en Chinandega. Justino tiene por actividad económica prestar el servicio de taxi, el cual tiene 16 anos brindando este servicio en la ciudad de Chinandega, a clientes fijos como trabajadores de empresa y otros eventuales. La unidad de taxi al adquirió hace varios anos con esfuerzo propio porque estaba trabajando fuera del país y con el dinero que trajo pudo comprar su unidad de taxi que hasta la fecha ha sido su medio de vida y de su familia. Justino ya ha trabajado con fundación león 2000 el cual ha demostrado ser responsable, buena pago, en tiempo y forma. Los desafíos y problemas que ha enfrentado la familia en le negocio son algunos desperfectos mecánicos que presenta el motor de su unidad de taxi por lo cual esta solicitando el préstamo. Su sueno en un futuro es seguir trabajando duro y llegar a comprar otra unidad de taxi. Justino agradece la ayuda que brindan los inversionistas kiva a personas de escasos recurso de países pobre como es Nicaragua.

Previous Loan Details

Justino Adolfo is a responsible man who is looking for a way to improve his income. He is very excited about this loan, which is his opportunity to get ahead with his business. He has been in the business of providing taxi service for over 13 years. He has looked for the way to improve h... More from Justino Adolfo'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

  • $4,800
    Average annual income
  • 97
    View loans »
    Nicaragua Loans Fundraising
  • $24,800,300
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Justino Adolfo to invest in the maintenance of his taxi cab.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2012
Listed
Sep 28, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013