Update on Jesus AntonioJesús Antonio is 49 years old, single and does not have children. He is from Chinandega department, a place located in the western part of the country. Jesús Antonio's work is selling fast food such as hot dogs, sandwiches, hamburgers, and other items.
His business is located in his home, and he is also a street vendor. He has been doing this work for eight years. His business came about as a work initiative so that he could help with the household expenses.
He needs the loan to invest in products such as bread, salsa, lettuce, cold cuts, cheese, pickles and mustard. Jesús Antonio is grateful for the help that the Kiva investors offer to low-income people and to poor countries such as Nicaragua, so that people can have a decent livelihood.
Previous Loan DetailsJesús Antonio, 48, is a father living with his wife. He sells hotdogs and soft drinks. He’s been in this line of work for over nine years because his location is very favorable since it’s located at a health center where people from there come by to buy from him. He gained experience because h... More from Jesus 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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