Update on Alberto LeninAlberto Lenin is 28 years old, married and has a two year old son. He is from Managua, located in the central zone of the region. He likes to use his free time to spend quality time with his young son. Unfortunately, due to a lack of financial resources, he was not able to pursue university studies, but he would have liked to become a graphic designer.
Thanks to his entrepreneurial spirit and his desire to get ahead, he sells disposable plastic products such as plates, cups, spoons, forks, knives, cables, buckets, and puzzles. He will use the money from this loan to stock his business so that he can have a better income in the near future. Alberto works 10 hours a day at his post in order to provide better service to his customers.
Alberto Lenin is grateful to the Kiva lenders for providing people of limited resources in poor countries like Nicaragua the opportunity to have dignified work.
Gracias a su espíritu de emprendedor y sus ganas de salir adelante es que tiene por actividad económica la venta de productos descartables y de plásticos como platos, vasos, cucharas, tenedores, chuchillos, descartables, panas, baldes, rompe cabezas. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de productos descartables, para que en un futuro no muy lejano obtener mejores ingresos. La rutina de Alberto es trabajar unas 10 horas diarias en su puesto de trabajo. Para brindar mejor atención a su clientela. Alberto Lenin agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.
Previous Loan DetailsAlberto Lenin, age 28, is married and has one minor child. Alberto is a very hard-working and responsible man who is devoted to his family. His business activity is selling party items. He has seven years of experience in the business. His business consists of selling items like ribbons,… More from Alberto Lenin'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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Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Jan 23, 2013
- Jan 26, 2013
- Currency Exchange Loss:
- Jun 18, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.