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Jose Gilberto

Update on Jose Gilberto

José Gilberto is married with minor children under his responsibility. He is originally from Chichigalpa, a place that is located in the northern zone of the country. This man is characterized as being a hardworking and responsible person with desire for personal improvement. José Gilberto has a financial business selling staple grains and has been in this said business for 8 years. José has already worked with Fundación and has demonstrated his responsibility in paying on time and in the right manner. The objective of this loan is to invest in working capital and supply his business with the purchase of staple grains such as: rice, beans, sugar, oil, soap, detergent, bath soap, toothpaste, corn, wheat. José Gilberto is grateful for the help that Kiva investors offer to people of scarce resources and poor countries such as Nicaragua to have a means of dignified work.
View original language description ↓
José Gilberto, casado con hijos menores bajo su responsabilidad. Es el originario de Chichigalpa, lugar que está ubicado en la zona norte del país. Este hombre se caracteriza por ser una personas, trabajadora, responsable, con ganas de superación personal. José Gilberto tiene por actividad económica la venta de granos básicos desde hace 8 años que se dedica a dicha actividad. José ya ha trabajado con fundación y ha demostrado su responsabilidad de pago en tiempo y forma. El objetivo del préstamo es invertir en capital de trabajo y surtir su negocio con la compra de granos básicos como: arroz, frijoles, azúcar, aceite, jabón, detergente, jabón de baño, pasta dental, maíz, trigo. José Gilberto 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

José Gilberto has had a business selling staple grains for 7 years. He started this business because he used to work in a company, but was not able to continue working for health reasons. With the money he obtained, he managed to start up his own business. He is taking this loan to buy rice, b... More from Jose Gilberto'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
  • 109
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Jose Gilberto to invest in working capital and supply his business with the purchase of staple grains such as: rice, beans, sugar, oil, soap, detergent, bath soap, toothpaste, corn, wheat.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2012
Listed
Dec 17, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Jose Gilberto. It was first posted on Kiva on Nov, 2011. Learn More