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Rudy Manuel

Update on Rudy Manuel

Rudy is from the municipality of San Juan del Río Coco in Estelí. He works repairing shoes. He’s grateful to Kiva and MiCrédito because his first loan did him much good; he succeeded in improving his home and providing a proper roof for his family.

He requests this new loan to buy raw materials like glue, shoe soles, leather and thread to sew shoes. His future goal is to become a businessman in the shoe store business.
View original language description ↓
Don Rudy es originario del municipio San Juan del rio coco en Esteli. Se dedica a la reparacion de zapatos. El esta agradecido con Kiva y MiCredito ya que su primer credito fue de mucho beneficio, logro mejorar su hogar y darle un techo digno a su familia. Solicita este nuevo credito para comprar materia prima tales como: pegamento suela de zapatos, cuero e hilo para cocer zapatos. Su meta futuro es lograr convertirse en un empresario en el oficio de zapateria.

Previous Loan Details

Rudy is 47 years old and from San Juan del Rio Coco, in Estelí. His business is repairing shoes. He is married and has 6 children. Two of his children are still in his care and the others live independently. Rudy's humble origins meant that he was unable to complete his education. He only re... More from Rudy Manuel's previous loan »

Additional Information

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
  • 95
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $675 helped Rudy Manuel to buy soles, glue, leather and thread.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2013
Listed
Jul 29, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014