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Marvin Alonso

Update on Marvin Alonso

Marvin Alonso is 47 years old, married, and has three children (ages 23, 21, and 12), two of whom are under his responsibility since they are studying. He is originally from the city of Managua and manages a business in which he sells vehicle accessories such as tires, rims, grease, mirrors, and seat covers. Marvin has 25 years of experience in running his business, which is situated in a specific location in town. He is a hardworking and responsible gentleman. With his previous loans, he demonstrated that he has a good record of paying on time and in the correct manner.

The loan he is requesting will be invested as operating capital in order to restock his small business. As a result, he will have more income and be able to provide better conditions for his children. One of his dreams is to see at least one of his children become a professional. Marvin Alonso is grateful for the assistance Kiva lenders have provided to people who have limited resources and are from poor countries, such as Nicaragua. This enables them to have sources of decent work.
View original language description ↓
Marvin Alonso, de 47 anos de edad, casado con tres hijos menores de edad de 23, 21,12 de los cuales dos están bajo su responsabilidad, ya que están estudiando. Él es originario de la ciudad de Managua, tiene por actividad económica la venta de accesorios de vehículo, como neumático, rin, grasa, espejos, forros de asientos. Experiencia en el negocio 25 anos. El negocio esta ubicado en un lugar especifico de su localidad. Marvin Alonso es un hombre, muy trabajador, responsable, en créditos anteriores ha demostrado ser buena paga en tiempo y forma. El financiamiento lo necesita para invertir en capital de trabajo y surtir su pequeño negocio. para tener mas ingresos y poder brindarles mejores condiciones a sus hijos ya que esta por cumplir uno de sus sueños como ver formado a uno de sus hijos en un profesional. Marvin Alonso agradece la ayuda que le brindan los inversionistas kiva a personas de escasos recursos y países pobre como es Nicaragua para tener fuentes de trabajo digna.

Previous Loan Details

Marvin Alonso is 46 years old and sells vehicle accessories and spare parts. He carries out this work door-to-door, but also has a business in a strategic location that his customers visit. This entrepreneur is applying for a loan in order to invest in the business by buying products such as v... More from Marvin Alonso'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
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $24,552,350
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Marvin Alonso to buy tires, rims, grease, mirrors, and seat covers.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2012
Listed
Oct 15, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Marvin Alonso. It was first posted on Kiva on Apr, 2012. Learn More