Update on Mario EzequielMario Ezequiel is 56, married, and has three grown children. He was born in El Sauce in the western part of the country. Mario is hardworking, responsible, and anxious to be successful. Sadly, he lacked money to go to college and began working at an early age. Thanks to his efforts and desire to succeed, he manages a small grocery store in his house, where he sells foodstuffs such as rice, beans, salt, milk, bread, sugar, juices, and matches at retail. He happily works about 12 hours a day in his business.
Mario's goal is to stock food items for his store so that he can increase his earnings soon. He thanks Kiva lenders because their support of low-income people gives them a means to have decent jobs.
Gracia a su esfuerzo y sus ganas de salir adelante, tiene por actividad económica, una pulpería ubicada en su casa de habitación. Una pulpería es una pequeña tienda que vende productos comestibles en cantidades pequeñas como arroz, frijoles, sal, leche, pan, azúcar, jugos, fósforos. El dedica a su negocio unas 12 horas diarias. 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 productos comestibles, para que en un futuro no muy lejano pueda obtener mejores ingresos. Mario agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos para tener medios de trabajo digno.
Previous Loan DetailsMario Ezequiel has sold dairy products for over 9 years. His business is located in his home. Mario is a hard-working man who really likes the countryside and his work. He makes his living in a very humble way with his business. This loan is for the purchase of necessary basic material such as… More from Mario Ezequiel'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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