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Nicasio Arcenio

Update on Nicasio Arcenio

Nicasio is 44 years old, married and has three children, all of whom are in school. He is originally from Chinandega, a place that is located in the Western part of the country. Nicasio has his own carpentry shop that he runs as his primary source of income. He makes furniture from wood to sell paid for in whole or in installments. He has been doing this for eight years. His business started with a little bit of savings he had and because he needed to job in order to take care of household expenses. The loan will be used to invest in working capital and to supply his business with prime materials such as wood, nails, glue, and a drill. Nicasio is thankful for the help the investors at Kiva have given him and to others with little resources available to them in countries as poor as Nicaragua.
View original language description ↓
Nicasio de 44 años de edad, casado con tres hijos, de los cuales dos están estudiando bajo su responsabilidad. Él es originario de Chinandega lugar que está ubicado en la zona de occidente del país. Nicasio tiene por actividad económica el servicio de taller de carpintería. El cosiste la elaboración y confección de muebles de madera para la venta de contado y de crédito. Tiene 8 años de desempeñar dicha actividad. El negocio surgió con un poco de ahorros propios y por la necesidad de tener un trabajo para los gastos de la casa. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra de materia prima como: madera, clavos, jucos, pega, clavos. Taladro. Nicasio agradece la ayuda que los inversionistas kiva le brindan a las personas de escasos recursos y países pobre como es Nicaragua.

Previous Loan Details

Nicasio Arsenio started this business seven years ago. His greatest challenge is not having sufficient capital to buy lumber to do his jobs. His activity starts at 7am and continues until 6pm. Sometimes he has quite a number of pending orders. The reason for the loan is to buy lumber, glue, n... More from Nicasio Arcenio'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
  • 142
    View loans »
    Nicaragua Loans Fundraising
  • $24,080,875
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Nicasio Arcenio invest in working capital and to supply his business with prime materials such as wood, nails and glue.
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:
Dec 17, 2013