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Update on Jairo

Jairo is married with three young children. He is originally from the municipality of Chinandega which is located in the western part of the country where commerce and tourism predominates. Jairo is known for being a hard worker, responsible, and for his desire for self improvement.

He is the owner of a small line of general merchandise such as ornaments, shirts, bedding, cosmetics, plastic products, towel sets, pants, and more. He makes his purchases in other municipalities and pays cash.

His daily work begins very early traveling to various towns of the municipalities of Chinandega. He has both regular and random customers and they pay by cash or by credit which is paid weekly or every other week.

The objective of this loan is to invest in working capital to take advantage of the month of December which is the time when he sells more because the demand grows and his orders increase.

So this is the way that in the not too distant future he hopes to obtain higher financial profits and meet the demand of his clients. Jairo is grateful for the help of Kiva loaners who help people who have scarce resources.
View original language description ↓
Jairo mayor de edad casado con tres hijos menores de edad, originaria del municipio de Chinandega ubicado en el occidente del país donde predomina el comercio, turismo, Jairo se caracteriza por ser trabajador, responsable, con ganas de superación personal. es propietario de una pequeña linea de venta de mercadería en general como: adornos, camisas, ropa de cama, cosméticos, productos plásticos, juegos de toallas, pantalones entre otros, sus compras las realiza en otros municipios del país al contado, su jornada diaria empieza desde muy temprano recorriendo los distintos barrios, de los municipios de Chinandega,el tiene clientes fijos y eventuales los cuales da al contado y al crédito recuperando semanal o quincenal, el objetivo de este crédito es para invertir en capital de trabajo y aprovechar el mes de diciembre que son las fechas que mas se vende por lo que su demanda crece y sus pedidos son mayores, Y de dicha forma en un futuro no muy lejano obtener mejores ingresos económicos y satisfacer la demanda de sus clientes. Jairo agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos.

Previous Loan Details

Jairo, 31, is a father of three minor children who are 13-, 7- and 3-years-old. He’s noted for being very hardworking and responsible with a strong drive for self-improvement. He’s from Chinandega, a place located in the western part of the country. Unfortunately, due to lack of economic res... More from Jairo'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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,409,250
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Jairo to buy general merchandise to sell including Christmas ornaments, plastic products, various styles of sets of sheets, clothing, and more.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 12, 2013
Nov 28, 2013
Currency Exchange Loss:
Dec 17, 2014
This photo was used before for a previous loan for Jairo. It was first posted on Kiva on Jan, 2013. Learn More