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Jorge Alejandro

Update on Jorge Alejandro

Jorge Alejandro is 68 years old, single, with 9 children, 2 still in his care. He is originally from one of the municipalities of Chinandega located in the southwestern part of the country.

Jorge is a trustworthy, hardworking person. He has had his own business for 7 years in artisan fishing. He has been working in this field since he was very young and so he has earned it though a lot of sacrifices and struggles. Little by little he has been raising his children in order to see them complete a professional career, except for two of them, as he was not able to realize this dream.

He is asking for this loan in order to buy 2 fishing nets for his business as his are damaged and he does not want to default on the orders his regular customers have placed and any holiday orders for Easter so that his business grows in greater demand.

Jorge is very grateful to Kiva lenders for the help given to small entrepreneurs in poor countries like Nicaragua in order to have a decent life.
View original language description ↓
Jorge Alejandro 68 años de edad soltero con 9 hijos y 2 de ellos aun a su cargo, es originario de uno de los municipios de Chinandega ubicado sur del occidente del país, Jorge es una persona responsable muy trabajador, hace 7 años que el tiene su propio negocio, que es la pesca artesanal, el cual inicia desde muy joven a trabajar en este ramo, y asi logra obtenerlo con muchos sacrificios y esfuerzos, el poco a poco ha ido logrando sacar a delante a sus hijos ahora solo le faltan dos de ellos para verlos coronar una carrera profesional ya que el no logro realizar ese sueño, el esta solicitando este financiamiento para la compra de dos trasmayos para su negocio ya que se averiaron y no desea incumplir con sus clientes fijos y eventuales mas en estas fechas Semana Santa que su negocio crece en mayor demanda. Jorge esta muy agradecido con los inversionistas kiva la ayuda que le brindan a los comerciantes pequeños de países pobres como es Nicaragua para tener un medio digno de vida

Previous Loan Details

Jorge Alejandro has an artisan fishing business which he has been running for over six years. When he was very young he used to work as a fishing boat assistant and was able to save enough money to buy his own boat. He has nine children three of which are still in his care. Through his work he... More from Jorge Alejandro'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
  • 128
    View loans »
    Nicaragua Loans Fundraising
  • $24,050,675
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Jorge Alejandro to buy two fishing nets for his artisan fishing business.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2013
Listed
Mar 30, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2015