Update on Juan IreneJuan is 46 years old, married, and the father of four school-aged children. With a lot of sacrifice, the oldest of his children attends the university despite the fact that higher education is expensive in his country. He is originally from a municipality situated in the northern part of the department of Chinandega. Twelve years ago, he began a business butchering pigs, and with time, he changed to butchering beef since beef gave him a better profit. His business consists of buying cows and butchering them to sell the meat.
His future goal is in to purchase a stall in the market of his municipality in order to sell his meat in a fixed place and not sell it on the street. Juan is requesting this loan to buy cows since they are expensive.
Previous Loan DetailsJuan Irene butchers pigs. This has been his way of earning a living for the last 11 years. He started out on his own initiative despite not having much working capital. He started out with little and in time managed to secure a clientele. The reason for the loan is to buy pigs because he… More from Juan Irene'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.
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