Update on Carlos ArturoCarlos is 45 years ols and married with three children. They are ages nineteen, twelve, and five months, and the two oldest are in school. He is from the central area of the country. He is known to be hardworking, responsible, and eager to improve himself. Ever since he was very young he has been fighting to give his family the financial and emotional stability they need and to make his dreams come true, like seeing his children grow up to become professionals.
Thanks to his effort, his business is driving a local transportation vehicle, which has a specific route. He dedicates about twelve hours per day to his business providing his services.
The purpose of this loan is to do maintenance on his vehicle by changing the tires because december is a season with higher demand. Carlos appreciates the help Kiva lenders offer people with limited resources in poor countries like Nicaragua to earn a decent living.
Gracias a su esfuerzo tiene por actividad económica el servicio de transporte de un interlocal el cual tiene una ruta específica. El dedica a su negocio unas 12 horas diarias ofreciendo sus servicios. El objetivo del crédito es invertir en darle mantenimiento a su unidad de transporte como es el cambio de llantas nuevas, ya que en la temporada de diciembre tiene mayor de demanda. Carlos agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.
Previous Loan DetailsCarlos Arturo is 43 years old. His business is offering transportation services. He has been at this business for more than 20 years. Carlos has one child under his care and has always made an effort to help his family get ahead through his work. The loan he is requesting is for the purch... More from Carlos Arturo'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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This loan has been fully funded!