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Vany Manuel

Update on Vany Manuel

Vany Manuel, 41, has six children, all minors, ages 17,15,13 (6th grade), 12 (6th grade), 10 (1st grade) and 15 months. He is a very hard worker; he gets up very early every day to begin his day's work. He sells seafood such as fish, shrimp, and other seafood. Vany is very grateful for the help of Kiva fund investors who have given support to people with very low incomes, enabling them to get a decent job and prosper. He is requesting a loan to invest in the purchase of various types of seafood because he has several orders with growing demand, and to meet customer orders.
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Vany Manuel, 41 años de edad acompañado con 6 hijos, todos menores de edad que comprenden de 17,15,13 (6to grado),12(6to grado),10(1er grado) y 15meses, es una persona muy trabajadora, desde muy temprano se pone en pie para comenzar su jornada diaria de trabajo él se dedica a la comercialización de Mariscos como: Pescado, camarones, punches y otros mariscos. Vany está muy agradecido con la ayuda de los inversionistas del fondo Kiva que les ha brindado el apoyo a las personas de muy bajos recursos para tener un trabajo digno y así poder prosperar él solicita financiamiento para invertir en la compra de variedades de mariscos porque tiene varios encargos que en esta fecha la demanda crece mayormente y poder cumplir con los pedidos de sus clientes.

Previous Loan Details

Vany Manuel is an entrepreneur who’s been working with Fundación León 2000 with credit during this cycle and has shown himself to be a responsible person with dreams in his life to see his business well established and to provide his family with the best always. He expresses to us that he ha... More from Vany Manuel'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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,053,975
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Vany Manuel to buy fish and take advantage of the demand for buying fish.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Jan 4, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013