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Mario De Jesus

Update on Mario De Jesus

Mario de Jesús, 42, is married and has three children who are 15, 11 and 10 years old; all are students. Mario is from León Department a place located in the west of the country. His economic activity is selling furniture and building supplies. He’s been in this line of work for 22 years. His business is located in an established local site. He’s requesting financing to invest in working capital. He’ll buy lumber to manufacture the furniture with and building materials like concrete blocks, cement, lime powder, sand, gravel and roof purlins. Mario Jesús is grateful for the help Kiva lenders provide to people of scarce resources and poor countries like Nicaragua so that they can have a way to earn a living with dignity.
View original language description ↓
Mario de Jesús 42 anos de edad, casado con tres hijos e 15, 11,10, todos están estudiando. Mario es originario del departamento de León lugar que esta ubicado en la zona de occidente del país. Este sr. Tiene por actividad económica la venta de muebles y venta de materiales de construcción desde hace 22 anos que se dedica a dicha actividad. El negocio lo tiene ubicado en un lugar establecido de la localidad. El financiamiento lo esta solicitando para invertir en capital de trabajo y comprara madera para elaborar sus muebles y materiales de construcción para la venta como: bloques, cemento, cal, arena, piedrín, perlines. Mario Jesús agradece la ayuda que le brindan los inversionistas kiva a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

Mario de Jesús makes his living as a carpenter. He has experience in this business. He is an entrepreneur who is an example for his family because he has opened doors to find income for his family. Fundación León 2000 supported him with a loan to invest in his business. Mario says that thanks to… More from Mario De Jesus'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
  • 166
    View loans »
    Nicaragua Loans Fundraising
  • $23,234,200
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Mario De Jesus to buy lumber and building supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2012
Listed
Nov 13, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2013