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Juan Irene

Update on Juan Irene

Juan 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.
View original language description ↓
Juan de 46 años, casado, padre de 4 hijos en edades escolares, que con mucho sacrificio la mayor de sus hijos asiste a la universidad a pesar de que la educación superior es costosa en el país, originario de un municipio ubicado al norte de departamento de Chinandega, inicio hace 12 años un negocio de destace de cerdos y con el tiempo cambio a destace de res ya que le daba mejores ganancias la res, negocio que consiste en comprar vacas y destazarlas para la venta de carne, su meta es en un futuro comprar un tramo en el mercado de su municipio para vender su carne en un lugar fijo y no venderla de manera ambulante. Juan solicita este crédito para comprar vacas ya que son costosas.

Previous Loan Details

Juan 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 curr... More from Juan Irene'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

  • $3,636
    Average annual income
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $23,659,150
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Juan Irene to buy cows.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2013
Listed
Mar 26, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014