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Lestter Mauricio

Update on Lestter Mauricio

Lestter, who is 47 and the father of two children, comes from a town in the west of Chinandega department. He owns a fleet of "taxis", a business he set up because he previously worked driving a taxi which was not his own. Since he is a person who is keen to succeed, he began to invest and bought a number of his own "taxis" and, with a great deal of effort and in spite of the heat and sun of the department, he has got by. Lestter is applying for this loan to have some mechanical checks carried out on his vehicles, so as to ensure the safety of his passengers, and will also buy spare parts for his taxis. He is very grateful to Kiva investors who help poor countries such as Nicaragua; it is thanks to them that he was able to set up his own business.
View original language description ↓
Lestter de 47 años, padre de dos hijos es originario de un municipio de Chinandega ubicado al oeste de este departamento. Es propietario de una comunidad de “taxis” el inicio este negocio, porque él era un trabajador de un taxi que no era propio y como una persona que tiene deseos de salir adelante empezó a invertir y comprar sus propias unidades de “taxi” con mucho esfuerzo soportando el calor y el sol de ese municipio ha salido adelante. Lestter solicita su crédito para invertir en las inspecciones mecánicas y brindar seguridad a sus pasajeros además de comprar repuestos para sus unidades de taxi. Está muy agradecido con los inversionistas Kiva que ayudan a países pobres como Nicaragua que gracias a ellos pudo tener su propio.

Previous Loan Details

Mr. Lestter Mauricio is 45 years old, he has 2 children and they have been his life’s inspiration. He has worked in transportation for about 5 years and although it is tedious, dangerous and tiring he has known how to work through it excellently. Lestter needs the loan to aid the costs of improvi... More from Lestter Mauricio'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
  • 134
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 24.4
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $825 helped Lestter Mauricio to repair his car.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2013
Listed
Mar 15, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014