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Reynaldo Antonio
Reynaldo Antonio is 47 years old, married, and lives in the municipality of Chinandega. He owns a bike taxi and works selling fruits and vegetables from his home. He has regular customers of his bike taxi service, usually businessmen and women who he transports to their work very early in the morning each day. He started out as a rookie on another rented bike and later, with his earnings, he got the idea to purchase his own as he saw that providing this service to local residents and visitors was a good source of income. Reynaldo is requesting a loan in order to purchase tires, pain, and an awning in order to maintain his bike taxi and thus provide better service to his customers. This way he can go on each day improving his earnings, as he is the one responsible for providing for his home and his family.
View original language description ↓
Reynaldo Antonio de 47 años de edad, casado, del municipio de Chinandega, es propietario de un triciclo y venta de verduras y frutas en su casa donde habita. En el servicio de triciclo tiene clientes fijos que son los comerciantes que se trasladan desde muy temprano diariamente a sus negocios. Inicio como cadete en otro triciclo alquilado y luego con sus ganancias que obtuvo, tomo la idea de comprar su propio triciclo ya que vio que era rentable brindar este servicio a los pobladores de la localidad y visitantes. Reynaldo esta solicitando un financiamiento para la compra de llantas, pintura y carpa, para darle mantenimiento a su triciclo y asi brindarles un mejor servicio a los usuario, asi de esta manera ir mejorando cada dia sus ingresos, ya que es el quien se encarga de la manutención del hogar y su familia.

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).

About Nicaragua

  • $4,800
    Average annual income
  • 134
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Reynaldo Antonio purchase paints, tires, and an awning for his bike taxi.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2013
Listed
Jul 5, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013