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Alberto Jose

Update on Alberto Jose

Alberto is a humble man of 53. He is a Kiva client and works as a carpenter. His first loan was a great help to him, as he was able to buy all the raw materials he needed for his furniture, including paint, varnish, glue, and sandpaper. In the past he did not have many economic resources to work with, and the loan arrived just when he needed it most. He was able to pay off his loan with no problems. He continues to work hard to keep his business going and increase his income. Today he needs a second loan to buy wood, sandpaper, glue, paint, and varnish. He hopes to be able to meet his customers' needs.
View original language description ↓
Don Alberto un humilde señor, de 53 años de edad, es cliente Kiva, de oficio carpintero. Su primer préstamo le beneficio mucho pues logro comprar toda la materia prima que necesitaba para la elaboración de sus muebles, como pintura, barniz, pegamento, lija, ya que antes no tenia mucho capital con que trabajar y el financiamiento llego cuando mas lo necesitaba, logro pagar satisfactoriamente. Siempre sigue con su lucha por mantener estable su negocio, con mejores condiciones y a la vez que le genere mejores ganancias. Hoy necesita de su segundo financiamiento para comprar madera, lija, pegamento,pintura y barniz. Con el objetivo de satisfacer las necesidades de sus clientes.

Previous Loan Details

Alberto is 53 years old and lives in the city of Estelí. He is married and works as a carpenter by trade. Alberto used to own a bakery and then started working as an assistant for other people. Later he decided to establish his own business, so his son helped him with buying machines in order ... More from Alberto Jose's previous loan »

Additional Information

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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,409,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Alberto Jose to buy wood, sandpaper, paint, and varnish.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Apr 16, 2013
Apr 29, 2013
Currency Exchange Loss:
Oct 20, 2013