Ruben De Los Angeles
Update on Ruben De Los AngelesRubén de los Ángeles is 46 years old, single, and the father to five children who are 9, 10, 20, 25, and 26 years old. The two youngest are students at primary school. This small businessman is a contractor. Together with his team, he does masonry and welding jobs. He has done this work since he was young.
He is asking for this loan to make improvements inside his home, including putting up walls and constructing ceilings. Since he got the house, he had plans to do this project, but it seemed impossible because of a lack of funds. Rubén has the support of his older children who are already independent.
To make the repairs, he will purchase blocks, cement, zinc, and other construction materials. His dream is to finish remodeling his home. Rubén is very grateful to Kiva investors who are providing support in order to have a decent working environment.
Previous Loan DetailsThis gentleman started working for the distillery company Ingenio San Antonio. In his spare time, he talked to the specialists and asked them to teach him. This is how he learned to weld. He then worked as a building assistant and learned that trade. He also learned how to work as a plumber a... More from Ruben De Los Angeles'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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