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Idilfonso Aquilino

Update on Idilfonso Aquilino

Ildifonso is 56 years old with 4 grown children, and comes from the department of Chinandega, a place located in the western region of the country. HIs primary business activity is a grocery business where he sells products for daily consumption in small quantities, such as coffee packets, shampoo packets, tomato sauce, rice, cheese curds, milk, juices, bread, beans, and eggs. He has been working in the business for 12 years and it is located inside of his house.

He began this business because he needed a less physically demanding line of work, since that was the recommendation of his doctor to solve his health problems. He decided to start a grocery store in his home. Currently, this has been his way of making a living, and his business has grown little by little. He has previously worked with Fundación León 2000, where he has demonstrated his responsibility in making timely payments. He needs this loan to invest in working capital and stock his grocery in order to satisfy his customers' needs.

Ildifonso is thankful for the help that the investors at Kiva have offered to people who come from having few economic resources and poor countries like Nicaragua to have sources of work with dignity.
View original language description ↓
Ildifonso de 56 anos de edad, soltero con 4 hijos mayores de edad, originario del departamento de Chinandega, lugar que esta ubicado en la zona de occidente del país. Él tiene por actividad económica una pulpería la cuál consisten en vender productos de consumo diario y en cantidades pequeñas como sobrecitos de café, sobres de shapoo, bolsitas de salsa de tomate, arroz, cuajada, leche, jugos, pan, frijoles, huevos. Tiene 12 anos de tener el negocio y esta ubicado en su casa de habitación. EL negocio surgió por la necesidad de tener un trabajo con menor esfuerzo ya que era recomendación del medico por problemas de salud. Decidió poner el negocio de pulpería en su casa. Y en la actualidad ha sido su medio de vida y ha crecido poco a poco. Él ya ha trabajado con fundación el cual ha demostrado su responsabilidad de pago en tiempo y forma. el financiamiento lo necesita para invertir en capital de trabajo y surtir su pulpería para satisfacer la demanda de sus clientes. Ildifonso agradece la ayuda que los inversionista kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua. Para tener fuentes de trabajo digno.

Previous Loan Details

Ildifonso is a 55-year-old gentleman and a responsible father. He decided to establish his own business so that he could help his children move forward financially. Ildifonso has a store and dreams of having more space and merchandise to accommodate his business.

He wants to restock his… More from Idilfonso Aquilino'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
  • 169
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,825
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Idilfonso Aquilino to stock his grocery with daily necessities.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2012
Listed
Nov 20, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013