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Nicolas Alonso

Update on Nicolas Alonso

Nicolás, age 61, is married and has two children who are under his care. The children go to school. The 22 year old goes to the university, and the 8 year old is in elementary school. He is from Nagarote, a place that is located in the western part of the country. Nagarote is known for its typical food like "quesillo" [tortilla wrapped around pickled onions and cheese sauce] and "tiste" [traditional drink made of corn and cocoa].

Nicolás is a very responsible and hard-working man with a great desire for self-improvement. He struggles arduously in order to give his children a better future. He is about to fulfill one of his greatest dreams, which is to see his son become a professional.

Nicolás sells cooked beans, soft drinks, and candy at his house. He works at this business activity selling his products for some 12 hours a day. It is a business activity that he does with great pleasure.

The objective of the loan is to invest in working capital and to stock his business by buying beans by the “quintal” [weight measurement equaling 100 kilograms], cases of soft drinks, and candy. He will do this so that he will get improved income in the not so distant future.

Nicolás is grateful for the help that the Kiva lenders give to people with scarce resources in poor countries like Nicaragua so that they can have a decent way of earning a living.
View original language description ↓
Nicolás de 61 años de edad, casado con dos hijos lo cuales están bajo su responsabilidad, están estudiando el de 22 años está en la universidad, y el 8 está en primaria. Él es originario de Nagarote, lugar que está ubicado en la zona de occidente del país. Nagarote se caracteriza por su comida típica como el “quesillo y el tiste” Nicolás es un hombre muy responsable, trabajador, con ganas de superación personal. Que lucha arduamente para brindarles a sus hijos un futuro mejor, y esta por cumplir unos de sus mayores sueños como es ver formado a su hijo en un profesional.
Nicolás tiene por actividad económica tiene por actividad económica la venta de frijoles cosidos, venta de gaseosas, golosinas, en su casa de habitación. El dedica a su actividad unas 12 horas diarias ofreciendo sus productos, 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 frijoles por quintales, cajillas de gaseosas, golosinas, para que en un futuro no muy lejano pueda obtener mejores ingresos. Nicolás 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 Details

Nicolás is 59 years and married. He has always been a hard-working man who has a business repairing bicycles. He started this business 11 years ago when he retired, as he has always been an active man and he needed an activity to keep him occupied. For this reason he decided to start this busin... More from Nicolas Alonso'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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Nicolas Alonso to buy products like beans, cases of soft drinks, and candy.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2013
Listed
Jun 5, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014