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Eddy Alfredo

Update on Eddy Alfredo

Eddy is a 57-year old man who is married and has a son. He lives in the department of Chinandega in a neighborhood located on the west side of the country. He's a hard-working, responsible and honest man who gives everything in his power for his family's future, and has worked in a welding garage for 31 years. He started to work as an assistant but, following his entrepreneurial spirit, decided to become his own boss and started his business with a lot of effort, dedication and sacrifice. His only child attends university and receives his unconditional support so that he'll have a good future and become a good professional.

Eddy is requesting a loan to invest in his business (purchase of welding machinery, working tables and iron, among others) and improve his income, so that he'll be able to keep helping his son to finish his degree and become a real professional. Eddy is grateful to Kiva lenders for allowing him to improve and grow his business.
View original language description ↓
Eddy de 57 años, casado, padre de un hijo. Vive en el departamento de Chinandega en un barrio de éste ubicado en el occidente del país, es un hombre trabajador, responsable, honrado y que da todo lo que puede pensando en el futuro de su familia, él tiene 31 años de haber iniciado un taller de soldadura con mucho esfuerzo, empezó a trabajar como ayudante de taller pero como todo persona emprendedora decidió ser su propio jefe y poner un taller negocio que al principio costo esfuerzo, dedicación y sacrificios, su único hijo estudia en la universidad donde él le da su apoyo incondicional para que el tengo un muy buen futuro y sea un profesional. Eddy solicita este crédito para invertir en su negocio (comprar equipos de soldadura, mesas de trabajos, hierro entre otros) y mejorar sus ingresos y así poder seguir ayudando a su hijo para que logre coronar su carrera y ser un verdadero profesional. Eddy está agradecido con los inversionistas Kiva ya que ha podido mejorar y agrandar su negocio.as ya que ha podido mejorar y agrandar su negocio.

Previous Loan Details

Eddy Alfredo is an entrepreneur with objectives and goals in life. He accomplished his main dream of having his own business, which is a welding workshop. He has already been a client of Fundación León 2000, and has maintained an impeccable credit record. With his last loan, he bought welding ... More from Eddy Alfredo'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

  • $4,800
    Average annual income
  • 96
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $875 helped Eddy Alfredo to buy raw materials for his garage, such as iron, wires and grease, among others.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2013
Listed
Mar 11, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014