Update on Felix AntonioFelix Antonio, single, is 54 years old. He has five grown children. He is originally from León which is located in the western part of the country. In his free time he enjoys watching TV and drinking a cup of coffee. He is a hard worker, responsible, with hopes of succeeding. Unfortunately he could not finish school because of a lack of financial resources. He was obliged to work from an early age.
Thanks to his conquering spirit he has a business repairing electrical appliances such as stoves, fans, refrigerators, radios, sound equipment, and lighting dedicating 10 hours daily to his business from a room at his house.
He plans to use the loan to invest in working capital to buy parts for electric appliances in order to repair and provide better service to the clients, such as speakers, transistors, tubes, screws, television screens, containers, and wires. Felix Antonio is grateful to Kiva lenders for helping people with scarce resources and poor countries such as Nicaragua in order to have a way to work decently.
Feliz Antonio soltero de 54 años de edad, con cinco hijos mayores de edad, originario de León. Lugar que está ubicado en la zona de occidente del país. En sus ratos libre, le gusta disfrutar de programa de televisión, y tomar una tasa de café. Él es un hombre trabajador, responsables, con ganas de superación personal. Lamententablemente no pudo terminar estudios por falta de recursos económicos, se vio obligado a trabajar desde temprana edad.
Gracias a su espíritu de superación tiene por actividad económica servicio de reparación de electrodomésticos eléctricos como cocinas, abanicos, refrigeradoras, radios, equipo de sonidos, lámparas, a domicilio y en su casa de habitación. el dedica a su negocio unas 10 horas diarias. El objetivo del crédito es invertir en capital de trabajo y comprar repuestos de electrodoméstico eléctrico para reparar y ofrecer mejorar servicio al cliente. Repuestos como parlantes, transistores, tubos, tornillas, pantalla de televisión, cajones, cables. Félix Antonio agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua, para tener un medio de trabajo digno.
Previous Loan DetailsFelix Antonio is 54 years old, he is single and he has one child. He comes from Leon, and he has been running a vehicles repair shop for 23 years. Coming from a very poor family, he started his activity when he was very young as he needed an income to survive. He has been able to progress in his ... More from Felix Antonio'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
- Repayment Term
- 10 months (Additional Information)
- Repayment Schedule
- Apr 10, 2013
- Apr 16, 2013
- Currency Exchange Loss:
- Dec 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.