Update on Nelson AntonioNelson Antonio, 31, is a single father of two children, ages 3 and 5. He is from Malpaisillo which is in the northern part of the country and known as a very productive agricultural and commercial area. Nelson sells crafts for a living and has been in business for six years. He travels to Costa Rica where he sells Nicaraguan crafts such as clay pots, piggy banks, bracelets, clay cookware jars and vases. The challenges he faces are the high duty tariffs charged at the border.
He learned the trade from his parents who ran the business before him. He is in need of a loan to buy and sell the different craft articles. Nelson Antonio is grateful to Kiva lenders for helping low income earners in poor countries like Nicaragua so they can earn a decent living.
Previous Loan DetailsNelson is 29 years old. He has a business selling artisan crafts, which he goes out to sell in different departments. He started this business because of his parents who taught him this way of life, which for him is very important. The challenge that he faces right now is transporting his different… More from Nelson Antonio'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