Check out other loans that are currently fundraising!
Juan Carlos

Update on Juan Carlos

Juan Carlos, 35, is single and has no children. He's from the department of Chinandega, located in the western part of the country.

Juan Carlos's job is a "pulpería" located in his house for the past 11 years. A "pulpería" is a small store that sells small quantities of products, such as a box of matches, individual cigarettes, an envelope of coffee or shampoo, oil, sugar, bread, and milk. The business came about because he needed a job and wasn't able to finish his university studies. Currently he has been able to manage the business and up to now it has been profitable.

He needs the loan to invest in working capital and stock his business with products for daily household consumption.

Juan Carlos is grateful for the help Kiva lenders give to low-income people and poor countries such as Nicaragua so they have a decent living.
View original language description ↓
Juan Carlos de 35 años de edad, soltera del departamento de Chinandega, lugar que está ubicado en la zona de occidente del país. Sin hijos, Juan Carlos tiene por actividad económica una pulpería ubicada en su casa de habitación desde hace 11 anos. Una pulpería es una pequeña tienda donde se venden productos en pequeñas cantidades como caja de fosforo, cigarro menudeados, sobre de café, sobre se shapoo, aceite, azúcar, pan, leche, el negocio surgió por la necesidad de tener un medio de trabajo y por no poder terminar los estudios universitarios. Y en la actualidad ya ha podido administrar el negocio y a la fecha ha sido rentable. El financiamiento lo necesita para invertir en capital de trabajo y surtir su negocio con productos de consumo diario para el hogar. Juan Carlos 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 Carlos is 33 years old and lives with his wife in Villanueva neighborhood. He has shown himself to be a very responsible person and he enjoys his line of work which is running a grocery store and providing transport services. He has been in this business for more than 11 years. He started... More from Juan Carlos'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
  • 103
    View loans »
    Nicaragua Loans Fundraising
  • $24,738,450
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,050 helped Juan Carlos to stock his grocery store and invest in working capital.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2012
Listed
Dec 13, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2015