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Juan Carlos

Update on Juan Carlos

Juan Carlos is married and has three young children. He is from the Department of Chinandega, located in the western part of the country. He buys and sells general merchandise such as cosmetics, shoes, jewelry made of gold, silver, and bronze, knick-knacks, women's underwear, decorations, etc. He buys his merchandise in a different department and pays cash and then distributes to merchants in different places within the municipalities and regions of Chinandega. He has regular and occasional customers, and his sales are for both cash and credit. Most of his goods are in accounts receivable and he is paid either weekly or bi-weekly.

Juan Carlos is a responsible, hard-working man, with a strong desire for self-improvement. One of his dreams is to be able to see his children complete a university degree - something he was not able to do. The purpose of this loan is for working capital to invest in the purchase of general merchandise since the Christmas holidays are approaching and demand has increased. In this way he will be able to supply his clients and provide them with better service. Juan Carlos is very grateful for the support that Kiva investors provide for people of limited economic resources.
View original language description ↓
Juan Carlos mayor de edad casado con tres hijos menores de edad originario del municipios de chinandega, zona ubicada en el occidente del país, se dedica a la compra venta de mercadería en general como: cosméticos, zapatos, prendas de oro, plata, bronce, chinerias, ropa interior para damas, adornos y otros, sus compras las realiza en otro departamento el cual compra al contado y luego distribuye a comerciantes en distintos lugares del municipios y comarcas de chinandega, tiene clientes fijos y eventuales sus ventas son al contado y al crédito, la mayor parte de su mercaderías siempre están en cuentas por cobrar, los cuales recupera semanal y quincenal, se caracteriza por ser un hombre responsable, trabajador, con muchos deseos de superación personal, uno de sus sueños es poder ver a sus hijos coronar una carrera universitaria algo que el no logro hacer, el objetivo de este crédito es para capital de trabajo para invertir en las compras de mercadería en general ya que se aproximan las fechas navideñas y sus demandas han crecido y de esa manera poder suplir a sus clientes y brindarles una mejor atención. Juan carlos agradece mucho el apoyo que los inversionistas kivas les ofrece a personas de bajos recursos económicos.

Previous Loan Details

Juan Carlos is caring for his two young children. He works selling general merchandise and is a very responsible person. This is not the first time that he has received financing, as it is has been very rewarding. For the past 8 years he has gone out every day to offer a variety of products, whic... More from Juan Carlos'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.

Tags

About Nicaragua

  • $4,800
    Average annual income
  • 132
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Juan Carlos to invest in the purchase of general merchandise such as various styles of clothing, cosmetics, shoes, etc.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2013
Listed
Nov 30, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014