Update on Carlos MisaelCarlos Misael, 32, is married and has two minor children who are 14 and 4 years of age and who attend elementary school. His business consists in selling general merchandise. He sells assorted new clothes, plastic items and belts, among other accessories. He’s been in business three years. He does not have a fixed locale; he sells from place to place. He’s from Chichigalpa where rum, sugarcane and sugar predominate. His clientele has increases because he’s gone everywhere. One of Carlos’ desires is to improve the house he lives in as well as to expand the business more. This loan’s objective is to invest in working capital and stock the business buying merchandise like children’s clothes, adult clothes, pants, shirts, dresses, shorts, skirts, bed linens, towel sets, underwear, varied plastic items to meet customer demand and in a not too distant future increase his income. Carlos Misael is thankful for the support Kiva lenders provide people of scarce resources and poor countries like Nicaragua so they can have a way to earn their livelihood with dignity.
Previous Loan DetailsCarlos is 31 years old and he started to work as a merchant in the city two years ago. He then went on to be a sales supervisor but over time, Carlos learned the most important parts of this job in order to start his own business. His desire to get ahead led Carlos to sell general merchandise. ... More from Carlos Misael'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.
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