Update on Omar IsidroOmar Isidro is 39 years old, married, and has two children (ages 16 and 9). He is from the town of León, a place that is located in the western part of the country. Omar provides painting services as a contractor to different businesses in his town. He has 15 years of experience in this line of work.
Omar’s business was started out of necessity because he needed work so that he could provide financial stability for his children. He has demonstrated responsibility with his previous loans, since they have been very helpful in continuing his business and maintaining a source of income.
This needed loan will be invested as operating capital for purchasing materials such as oil-based paints, rollers, brushes, ladders, black plastic, and paint thinner. Omar Isidro is grateful for the help that Kiva lenders provide to people who have limited resources and are from poor countries such as Nicaragua so that they can have a decent life.
Previous Loan DetailsOmar Isidro is 38 and he works offering his services as a bricklayer. He has had this livelihood for 15 years. He learned from his father, who taught him the trade so he would be able to get ahead in life through his own effort and dedication. The loan he is currently requesting is to buy a shovel,… More from Omar Isidro'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