Update on Jorge AlejandroJorge 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.
Previous Loan DetailsJorge 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 »
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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Success!! The loan was 100% repaid