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Carlos Horacio

Update on Carlos Horacio

Carlos is a poor mechanic and he is grateful for the opportunities that arose from receiving a Kiva loan. He was very satisfied with his first loan as it helped him to invest more in his workshop by buying all the tools that he did not have on his inventory, such as drills and sandpaper. He is now very proud because he has been able to offer better service to his customers. Carlos needs a second loan to buy tools such as sandpaper, a drill and a motorcycle helmet, so that he can continue to expand the business and provide a more specialised service to customers.
View original language description ↓
Don Carlos un humilde mecánico, agradece la oportunidad que le brindo el crédito kiva ya que se siente muy satisfecho con su primer crédito por le ha ayudado a invertir mas en su taller comprando todas las herramientas que aun no tenia en inventario, como taladros, lijas, el cual esta muy orgulloso porque ha podido ofrecer un mejor servicio a sus clientes. Carlos esta requiriendo de su segundo crédito para comprar herramientas como lijas, taladro y casco de motocicletas, con el objetivo de ir creciendo en su negocio y brindar un mejor servicio especializado a su clientela.

Previous Loan Details

Carlos is a father living in Estelí. He’s a mechanic by profession and also does welding jobs. He has five children. He learned his occupation at the age of 12 repairing and welding bicycles and motorcycles alongside his father; this is how they supported themselves. Later on, he opened a sma... More from Carlos Horacio's previous loan »

Additional Information

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
  • 93
    View loans »
    Nicaragua Loans Fundraising
  • $24,396,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Carlos Horacio to buy tools such as sandpaper, a drill and a motorcycle helmet.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2013
Listed
Mar 14, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 18, 2013