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Juan Alexander

Update on Juan Alexander

Juan Alexander, 28, is single and has no children. He’s from Chinandega Department, a place located in the western zone. Chinandega is noted for being a commercially productive zone. His economic activity is selling general merchandise. He’s been in business ten years and he sells from place to place. The business consists in buying and selling merchandise like shirts, pants, skirts, shorts, t-shirts, sandals, cosmetics and perfume. Juan’s daily routine is to work about 10 hours with a bale that weighs about 25 kilos selling to his regular and occasional customers. Juan has shown responsibility with his payments repaying his previous loans as scheduled. He needs this loan to invest in working capital to take advantage of the Christmas season when sales increase. Juan is grateful to Kiva lenders for the support they provide people of scarce resources and to poor countries like Nicaragua so they can have a dignified way to earn a living.
View original language description ↓
Juan Alexander de 28 anos de edad, soltero sin hijos. Es originario del departamento de Chinandega, lugar que esta ubicado en la zona de occidente. Chinandega se caracteriza por ser un lugar comercialmente productivo. El tiene por actividad económica la venta de mercadería en general, tiene 10 anos de tener el negocio, lo cual lo desempeña de forma ambulante. Negocio que consisten en la compra y venta de mercadería como: camisas, pantalones, faldas, short, camisetas, sandalias, cosméticos, perfumes. La rutina diaria de Juan es trabajar unas 10 horas diarias con un bulto de unos 25 kg para poder entregar su mercadería a clientes fijos y eventuales. Juan ha demostrado su responsabilidad de pago en créditos anteriores en tiempo y forma. El financiamiento lo necesita para invertir en capital de trabajo y aprovechar la temporada navideña donde las ventas se incrementan. Juan agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

Juan Alexander is 28 years old and his business is selling general merchandise. He has been in this business for more than nine years. He started out with the profits he made as an itinerant vendor. He used to go out every day, come hail, rain or shine, to sell his products. Juan sells produc... More from Juan Alexander'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

  • $4,800
    Average annual income
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,581,200
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Juan Alexander to buy clothes, sandals and cosmetics.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2012
Listed
Dec 11, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Juan Alexander. It was first posted on Kiva on Sep, 2011. Learn More