Update on Marlon Antonio44-year-old Marlon Antonio comes from the deparment of Chinandega, which is located in the western region of the country. Marlon is known to be a responsible and hardworking person with good moral values. He works as an auditor for a local company. He has three children aged 19, 17 and 6 years, and they're all in school. He's requesting this loan in order to do improvements on his home, namely building a porch, since he has twice been a victim of robbery in his house and he wishes to safeguard his home and family. Marlon has already worked with Fundación and he has proven to be diligent with his repayments both in terms of schedule and form. Thanks to the loans he received from Kiva lenders, he was able to build his house - he built two rooms and fixed up the living room. With this loan he'll purchase construction supplies such as bricks, crushed gravel, sand, cement, iron, zinc, paint, and beams. Marlon gives thanks for the help provided by Kiva lenders to people of limited resources in poor countries like Nicaragua so that they can have a decent home to live in.
Previous Loan DetailsMarlon Antonio Chavarría Gómez is 40 years old. He runs a general store, which is located in his residence. He is a very hard-working man and really enjoys conversing with his neighbors. His wife helps him run the store as do their 3 children, who attend the public school. They lack sufficient… More from Marlon 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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid