Update on Juan BautistaJuan Bautista, 68, is married with two children who re 23, and 13 years of age and who are in his care and attending school. He’s from the city of Chinandega, a place located in the west of the country. He’s noted for being a very hardworking, responsible man. He’s had to work since he was very young to help with household expenses. Because of the lack of economic resources, he was unable to attend university so he must strive daily so his children can have a better future.
He works providing shoe repair services in a stand in one of the local markets, an activity he does gladly because it’s his and his family’s way of life. The loan he’s requesting is to finish doing some home improvements like building a room and installing flooring in the living room. His previous loans have been used for home improvement and thanks to the help Kiva lenders have given him he has a proper home to live in and provide security for his family. The objective of the loan is to invest in working capital and to buy building supplies like metal sheeting, sand, tile, lumber, roofing purlins, nails, window frames and paint.
Él se desempeña brindando servicio de reparación de calzado en un tramo de unos de los mercado de la localidad. Actividad que la desempeña como mucho gusto ya que ha sido su forma de vida y la de su familia. El crédito lo está solicitando para terminar de realizar mejoras a su casa de habitación como es construir un cuarto y poner el piso a la sala. Los créditos anteriores han sido para mejoras de la casa, gracias a la ayuda que le han brindado los inversionistas kiva es que tiene un techo digno donde vivir y brindarle la seguridad a su familia. El objetivo del crédito es invertir en capital de trabajo y comprar material de construcción como: zinc, arena, cerámica, madera, perlines, clavos, alfajillas, pintura.
Previous Loan DetailsJuan Bautista is an enterprising man who has used past loans to stock his business. He tells us that he is grateful for the support that he's received because he's been able to increase the range of products he sells and, in turn, his income. He is applying for a loan now that he will use to buy… More from Juan Bautista's previous loan »
Fundación Leon 2000This 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 Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid