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Cesar Augusto

Update on Cesar Augusto

Cesar is 33, he is from Comarca la Condega, municipality of Esteli, he is a merchant, he owns a general store, a business that he started 5 years ago, he has one child that depends on him. Cesar is a Kiva client, his first loan was used to stock his store with products such as rice, sugar, beans, oil, soda, etc. This first loan helped him, because he was able to have products requested by his clients, he is very thankful for the support he gets from Kiva. His wife helps him manage the business. He now needs a second loan to invest in his store and buy merchandise such as sugar, soap, coffee, cookies, canned goods, eggs, bread, etc. All the products needed to stock even more his business. He figures this loan will be very helpful because his sales will increase generating more income that he will then reinvest in his business. His future plans are to expand the store until it becomes a wholesale supply store and this way have a stable business that generates better profits to get his family ahead.
View original language description ↓
Cesar de 33 años de edad, originario de la Comarca la Condega, Municipio de Estelí, es de oficio comerciante, se dedica al negocio de pulpería, desde hace 5 años, padre de 1 hijo, el cual esta a su cargo. Cesar es cliente Kiva su primer crédito lo utilizo para surtir su pulpería de productos como arroz, azúcar, frijoles, aceite, gaseosa, etc... Este primer crédito le ayudo ya que pudo surtir su negocio con productos muy solicitados por sus clientes esta muy agradecido por el apoyo recibido de parte de Kiva. En el negocio recibe el apoyo de su esposa que le ayuda con la administración. El ahora requiere de su segundo crédito al igual para invertir en su pulpería con mercadería tales como azúcar, jabón, café, galletas, enlatados, huevo, pan, etc. Todos los productos necesarios para surtir aun más el inventario de su negocio. El estima que este préstamo le será de gran ayuda ya que aumentaran sus ventas generándole mejores ingresos que invertirá en su negocio. Sus planes futuros es ampliar más su negocio hasta convertirlo en una miscelánea para tener un negocio estable que le genere mejores ganancias y salir adelante con su familia.

Previous Loan Details

Cesar, 31, lives in a neighborhood of Esteli called Condega. He has an 11-year old son. He owns a general store, a business that he started 5 years ago after returning from Costa Rica. He used the money that he earned before to stock the store and his wife and mother help him tend it. He also... More from Cesar Augusto's previous loan »

Additional Information

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
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,580,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Cesar Augusto to buy merchandise such as sugar, soap, coffee, cookies, canned goods, eggs, bread, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 11, 2012
Listed
Dec 26, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 18, 2014