Check out other loans that are currently fundraising!
Freddy Daniel

Update on Freddy Daniel

Freddy Daniel is 54 years old and married with three adult children, who all live on their own. Freddy is originally from the department of Chinandega, which is located in the western region of the country. Chinandega is known for being a productive commercial area.

Freddy's business is a welding shop. He has been in business for 45 years, and has it set up in his home. Freddy works with both regular and occasional customers. His daily routine is getting up early to open the doors to the public eight hours a day for all kinds of welding jobs. He learned the trade when he was very young by working alongside his father, who was also a welder. He was able to set up his own shop thanks to his effort and eagerness to work so that he could have the means to support his family, even though currently he has a lighter load to carry since all of his children are working.

He needs this financing to invest in his business and purchase a welder so that he can offer his customers better service. Freddy has worked with Fundación León 2000 in the past and has proven himself to be a responsible person and a reliable borrower. He appreciates the help that Kiva investors offer people with limited resources in poor countries like Nicaragua so that they can earn a decent living.
View original language description ↓
Freddy Daniel de 54 anos de edad, casado con tres hijos todos mayores de edad e independiente, Freddy es originario del departamento de Chinandega, lugar que esta ubicado en la zona de occidente del país. Chinandega de caracteriza por ser una zona comercial productiva. Freddy tiene por actividad económica la el servicio de taller de soldadura, tiempo de tener el negocio 45 anos, y lo tiene ubicado en su casa de habitación. Freddy trabaja con clientes fijos y eventuales su rutina diaria es levantarse temprano y abrir sus puertas al publico 8 horas diario para realizar todo trabajo de soldadura. Oficio que lo aprendió desde muy joven a la par de su padre quien trabajaba en lo mismo. En la actualidad ha podido poner su propio taller gracias a su esfuerzo y ganas de trabajar y tener un medio para mantener a su familia. Aunque hoy en día su carga familiar es menos pesada porque sus hijos todos trabajan. El financiamiento lo necesita para poder invertir al negocio y comprar un soldador para brindar mejor servicio a su clientela. Freddy ya ha trabajado con fundación león 2000 el cual ha demostrado ser una persona responsable y cumplida con sus pagos. El agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio digno de vida.

Previous Loan Details

Freddy is 52. He offers a welding shop service. Over 30 years ago Freddy started this business because he did not have a job, and his wife and child needed their daily sustenance. This is not his first experience with loans, and they have been a great help to him. This loan is for the purchase of... More from Freddy Daniel'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
  • 134
    View loans »
    Nicaragua Loans Fundraising
  • $24,558,975
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Freddy Daniel to invest in his business by purchasing a welder for his shop.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2012
Listed
Oct 11, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013