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Luis Alberto

Update on Luis Alberto

Luis Alberto, 63, is married with five children. Of his children, four are working and one, who is eight years old, is under his care. He originates from Chinandega, which is located in the west of the country. Luis Alberto is characterized by being a hard-working, responsible man with good habits. His business for the last 22 years is a pulpería that he runs out of his house. A pulpería is a small store that sells everyday consumption products in small quantities, like rice, beans, sugar, milk, bread, packets of coffee and packets of shampoo. The objective is to invest the loan in business capital and stock up his store in order to satisfy her clients. Luis Alberto is grateful for the help the Kiva investors give to those of few recourses and developing countries like Nicaragua.
View original language description ↓
Luis Alberto de 63 años de edad, casado con 5 hijos de los cuales 4 trabajo uno está bajo sur responsabilidad tiene 8 años de edad. Él es originario de Chinandega, lugar que está ubicado en la zona de occidente del país. Luis Alberto se caracteriza por ser un hombre trabajador, responsables de buenas costumbres. Tiene por actividad económica una pulpería ubicada en su casa de habitación desde hace 22 años que se dedica a dicha actividad. Una pulpería es una pequeña tienda que vende productos de consumo diario y en cantidades pequeñas como: arroz, frijoles, azúcar, leche, pan, sobre de café, sobre de shapoo. El objetivo del crédito es invertir en capital de trabajo y surtir su pulpería para sasficer a sus clientes. Luis Alberto agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua

Previous Loan Details

Luis Alberto, 61, is an incredible, exemplary man who has worked hard and continues working to contribute to the household economy and give his family a better lifestyle. He has a small grocery store where he sells different basic needs products. His goal is to increase his inventory to improve… More from Luis Alberto'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
  • 176
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Luis Alberto invest in business capital and stock up his store with products like rice, beans, sugar, milk, bread, packets of coffee and packets of shampoo.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2012
Listed
Dec 21, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2014
This photo was used before for a previous loan for Luis Alberto. It was first posted on Kiva on Jul, 2011. Learn More