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Filimon

Update on Filimon

Filimon is 55 years old. He is single with and adult son who lives on his own. He is originally from Achuapa, located in the northern part of the country. He is a responsible and hardworking man interested in self-improvement. Unfortunately, due to a lack of financial resources, he had to start working very young in order to help with household expenses and therefore could not complete primary school.

Thanks so his spirit of continuous self-improvement he has had a business fixing radios for 9 years. He has a shop in town. He enjoys this work very much as it has been his livelihood and that of his family. He works 10 hours a day offering services to both regular and occasional clients. The loan will be used as working capital to purchase replacement parts for televisions and radios such as cables, transistors, speakers, tubes, screens, screws, and glue. Filimon is thankful for the assistance that the Kiva investors provide to people with scarce resources and to poor countries like Nicaragua so that they have an opportunity to obtain decent work.
View original language description ↓
Filimon de 55 años de edad, soltero con un hijo mayor, e independiente, originario de Achuapa, lugar que está ubicado en la zona norte del país. Se caracteriza por ser un hombre responsable, trabajador con ganas de superación personal, lamentablemente por falta de recursos económicos desde muy joven tuvo que trabajar para ayudar con los gastos del hogar. Por lo cual no pudo cursar sus estudios básicos.
Gracias a su espíritu de superación personal es que tiene por actividad económica el servicio de radio técnico, desde hace nueve años. En un lugar especifico de la localidad. Actividad que la desempeña con mucho gusto, ya que ha sido su forma de vida y la de su familia. La rutina de trabajo es trabajar unas 10 horas diarias ofreciendo sus servicios a clientes fijos y eventuales. El objetivo del crédito es invertir en capital de trabajo invertir en repuesto de radio y televisión como: cables, transistores, parlantes, tubos, pantallas, tornillos, pega. Filimon agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio trabajo digno.

Previous Loan Details

Filimón is an entrepreneur who made his own work tools to make income for his family and to manage household expenses and to give his family what they need. Filimón the entrepreneur has already worked with Fundación León 2000. When he has worked during the loan cycles he has shown that he is a re... More from Filimon'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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,384,075
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Filimon to invest in working capital for radio and television replacement parts such as cables, transistors, speakers, tubes, screens, screws, glue.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2013
Listed
Feb 6, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2014