Update on Trinidad AntonioTrinidad Antonio is a married adult from the municipality of Chinandega, a zone located in the west of the country that’s noted for having the country’s most beautiful beaches.
Trinidad has owned a grocery store at home for 33 years in which he sells home use products like basic grains, snacks, frozen goods, detergent, eggs, and toilet paper, among others as well as food items like cooked beans and milk curd. He has regular customers and drop-ins he sells to on credit and for cash collecting payments weekly and biweekly.
Trinidad’s customer demand is high because his store is located near a naval base and his regular customers come from there. He also sells to other grocers and markets. Trinidad is a responsible man; he’s never missed a payment.
One of his goals is to improve the business and attain economic stability and also to do some home improvements. This loan’s objective is to invest in the grocery store with the purchase of products like basic grains, detergents, frozen goods, perishables, snacks and eggs, among others.
Trinidad is very grateful to all Kiva lenders who provide help to low-income people from poor countries.
Previous Loan DetailsTrinidad Antonio, 69, is married and has three adult children who are economically independent. He’s from the town of Corinto that’s located in the west of the country and is noted for being a coastal place whose main activity is fishing; because of its ports it’s a very touristy zone.… More from Trinidad Antonio'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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- Repayment Term
- 21 months (Additional Information)
- Repayment Schedule
- Sep 25, 2013
- Oct 10, 2013
- Currency Exchange Loss:
- Nov 9, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.