Update on Rodolfo BenitoRodolfo Benito is a single adult with two adult children. He’s from the municipality of Chinandega located in the west of the country. Rodolfo owns a business selling fruit and vegetables like bananas, pumpkins, squash, watermelon, oranges, lemons, passion fruit and guavas, among others that he sells at wholesale and retail. He also has a small grocery store at home that’s he’s been gradually stocking because his fruit and vegetables are perishable items. He’s been in business for several years now and he started because his salary at CPF was insufficient to cover household expenses so he needed to have an additional source of income to move his children, who were still in his care then, ahead.
This isn’t his first loan; he’s repaid his previous loans on time and responsibly. He needs this loan to invest in working capital and stock his business better with the purchase of fruit and vegetables like squash, pumpkin, chayote, bananas, watermelons, oranges, guava, passion fruit and lemons and to stock his grocery store since they are producing higher income and demand has grown in both businesses. Rodolfo is grateful for the support Kiva lenders provide to people of low economic resources, merchants, so that they can have a way to earn a living with dignity.
Previous Loan DetailsRodolfo Benito sells fruit and vegetables. He started it with his own funds because he needed to cover household expenses. Most of his customers know that he is always offering very good service while at the same time selling his products at the best price. The reason for the loan he’s… More from Rodolfo Benito'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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