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Luis Alberto

Update on Luis Alberto

Luis Alberto is 40, is single and has a three-year-old child. He is from El Sauce, a town situated in the North of the country. He has run his business making and selling bricks for ten years.

The business problems he faces occur during the winter months because production is low, but, when summer arrives, production increases, as do his sales.

Luis Alberto has already received loans fom the foundation and has proved himself responsible in paying back the previous loans. He will use the funding to buy raw materials for making bricks, such as: clay, sand and soil. Luis Alberto is grateful for the help provided by Kiva investors, which helps small traders, with limited resources, to have a decent working environment.
View original language description ↓
Luis Alberto de 40 anos de edad. Soltero con un hijo de tres anos. Él es originario del sauce lugar que esta ubicado en la zona norte del país. Él tiene por negocio la elaboración y venta de labrillos desde hace 10 anos que se dedica a dicha actividad. Los problemas que enfrenta en el negocio era la época de invierno porque la producción es baja, pero con la llegada del verano la producción se incrementa y las ventas. Luis Alberto ya ha tenido crédito con fundación y ha demostrado su responsabilidad de pago en los créditos anteriores. Con el financiamiento comprara materia prima para la producción de ladrillos como: barro, arena, tierra. Luis Alberto agradece la ayuda que los inversionistas kiva le brindan a los pequeños comerciante de escasos recursos para tener un medio de trabajo digno.

Previous Loan Details

Luis Alberto’s business is making and selling adobe bricks and roof-tiles. He started this work because of his father and opened his own shop eight years ago. Luis provides for a young son, but it has been difficult because his sales have decreased. This does not discourage him from continuin... More from Luis Alberto'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
  • 127
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Luis Alberto to invest in working capital and buy raw materials, such as clay, sand and soil, for making bricks.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2012
Listed
Nov 14, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013