Update on Guillermo RamonGuillermo Ramón is 49 years old, single and has two adult children. He is originally from León, which is in the west of the country. Guillermo is hard-working, responsible and has a desire to move ahead in life. Unfortunately he was never able to study at university, due to a lack of money, and was forced to work from an early age.
Thanks to his efforts and his desire to move head in life, Guillermo works selling sea food. He receives orders and fulfills them for both regular and one-time customers, working around eight hours each day. Guillermo enjoys his work. This loan will be used to invest in working capital and to stock up his business by buying seafood. He sells it on at a good price so that, in the not-so-distant future, he will be able to improve his income. Guillermo is grateful for the help that Kiva lenders are giving to people with little resources and to poor countries, such as Nicaragua, so that people can have a decent job.
Gracias a su esfuerzo y sus ganas de Salir adelante tiene por actividad económica la venta de marisco, por encargo y entrega a los clientes fijos y eventuales, el dedica a su negocio unas 8 horas diaria, actividad que la desempeña con mucho gusto. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra de marisco el cual se están ofreciendo a buen precio, para que en un futuro no muy lejano pueda obtener mejores ingresos. Guillermo Ramón 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 DetailsGuillermo Ramón has a business selling seafood. He has had this business for more than 15 years and learned the trade from his mom. He gains most customers working as an itinerant vendor and has to get ready to go out very early every morning to sell the variety of products that his customers r... More from Guillermo Ramon'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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- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Apr 25, 2013
- Jun 1, 2013
- Currency Exchange Loss:
- Jul 1, 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.