Update on Pedro JosePedro José, 55, is from the municipality of León, a place located in the west of the country. Pedro is a hardworking, responsible man with a desire for personal growth. Thanks to his enterprising spirit and his drive to get ahead, his economic activity is selling generic medicine from place to place. He sells acetaminophen, Alka-AD [anti-diarrheal], Alka-Seltzer, Migratil [migraine remedy], mefenamic acid [non-steroidal anti-inflammatory drug], Dorival [brand of ibuprofen], Novalgina [a powerful analgesic and antipyretic], Amoxicillin [anti-bacterial]. Pedro’s daily routine is to work about 10 hours selling his products to regular and occasional customers in various places in his region.
The loan’s objective is to invest in working capital to stock his business buying and selling medicine to provide better customers service and in a not too distant future earn higher income. Pedro José is grateful to Kiva investors for the help they give people of scarce resources and to poor countries like Nicaragua so they can have ways of earning a living with dignity.
Gracias a su espíritu de emprendedor es que, y sus ganas de salir adelante, tiene por actividad económica la venta de medicamentos genéricos de forma ambulante, el cual consiste en vender acetaminofén, alkaD alkazelcer , migratil, ácido mefenamico, dorival, novalgina, amoxicilina. La rutina diaria de Pedro es trabajar unas 10 horas ofreciendo sus productos en diferentes lugares de su región a clientes fijos y eventuales. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de medicamento, para ofrecer mejor servicio a sus clientes, y en un futuro no lejano obtener mejores ingresos. Pedro José agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.
Previous Loan DetailsPedro José is an active client of the Fundación León 2000. He invested his previous loan in his business, purchasing medicines for subsequent sale. He is an entrepreneur who has sought to move forward and succeed. He tells us that his business is doing well, as his clients already know him and the… More from Pedro Jose'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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