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Ricardo Jose

Update on Ricardo Jose

Ricardo José, 26, is married with one 9-year-old child who is in elementary school. He's from a town in Chinandega, located in the north of the country, a region whose strongest industries are, among others, cattle sales, agriculture, mining, and coffee growing. At first he earned his living as a bricklayer, but due to economic problems, he no longer had steady work. So with help from his father, who raised cattle, he started his own cattle business and has been in business for 5 years now buying and selling heads of cattle in his own and neighboring towns. He travels around buying in cash and selling in cash and for credit.

One of Ricardo José's dreams is to increase his working capital so his son can have a better future, finish college, and have a profession. With his prior loans Ricardo José improved his quality of life a bit. He has been using his profits to buy some things for his home. He currently sells 9 cattle per month.

Ricardo José is seeking a loan to buy cattle to sell. He is really appreciative of the Kiva lenders for the support they give people of limited means, so that they may have dignified work.
View original language description ↓
Ricardo José 26 años de edad casado con un hijo de 9 años de edad estudiante de primaria, originario de uno de los municipios de Chinandega ubicado al norte del occidente del país, zona donde el negocio más fuerte es la compra venta de ganado, agricultura, minería, cafetaleros entre otros más, Inicialmente me dedicaba a la actividad económica de albañilería pero pasaba por problemas económicos ya que no contaba con trabajo fijo, entonces con la ayuda de mi padre quien se dedica a la actividad de ganadería inicia su propio negocio de comercio de ganado y actualmente tiene 5 años de dedicarse a esta actividad que es la compra y venta de ganado en pie en este municipio y en comarcas aledañas, de manera ambulante compra al contado y vende al contado y al crédito uno de sus sueños es incrementar su capital de trabajo y así poder brindarle un mejor futuro a su hijo que él logre culminar una carrera universitaria y ser un profesional en la vida, el con los creditos anteriores ha mejorado un poco su nivel de vida con los cuales con las utilidades ha ido comprando articulos para su hogar actualmente el comercializa 9 animales al mes. Ricardo está solicitando financiamiento para la compra de ganado para su venta, el está muy agradecidos con los inversionista Kivas por la oportunidad que ellos les brindan a personas de bajos recursos económicos y así poder tener un trabajo digno

Previous Loan Details

Ricardo José is married and works by buying and selling livestock, a job he has performed for four years. He acquired the business through his father's experience and also a bit of his own money. With this loan, he hopes to buy a large quantity of livestock because he currently has a good offer. ... More from Ricardo Jose'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
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,832,275
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Ricardo Jose to buy head of cattle to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 9, 2013
May 1, 2013
Currency Exchange Loss:
Mar 17, 2014