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Mario Jose

Update on Mario Jose

Mario, 42, is married and has a 16-year-old son. He was born in central Nicaragua, works hard, is responsible, and wants to succeed. He unfortunately didn't have money to study for a career. With effort and the desire to get ahead, he sells desserts and appetizers as a street vendor. He has had this business for 10 years, and he goes through the neighborhood every day selling to regular and new customers.

He will use this loan to buy supplies such as milk, bread, cinnamon, sugar, plastic cups, and napkins. Mario thanks the Kiva lenders for supporting low-income people in poor countries like Nicaragua so that they can have decent work.
View original language description ↓
Mario de 42 años de edad, casado con un hijo de 16 años, es originario de la zona central del país. Se caracteriza por ser trabajador, responsables, con ganas de superación personal. Desde muy joven ha tenido que luchar para salir adelante. Lamentablemente por falta de recursos económico no pudo cursar una carrera.

Gracia a su esfuerzo y sus ganas de salir adelante tiene por actividad económica la venta de postres y manjares, el negocio lo desempeña de forma ambulante. El dedica a su negocio unas 10 horas diarias ofreciendo su producto, todos los días recorre las calles ofreciendo a sus clientes fijos y eventuales. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de materia prima para los postres como leche, pan, canela, rin, servilletas, azucar, vasos descartables. Mario agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

Mario José makes pastry to sell. He’s been in business over 11 years. He learned the business as a way to generate funds to support his two children that are in his care. He will use the loan to buy flour, butter and eggs, among other products. This activity is his main source of income f... More from Mario Jose'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
  • 89
    View loans »
    Nicaragua Loans Fundraising
  • $25,032,475
    Funds lent in using Kiva
  • 25.7
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,225 helped Mario Jose to buy supplies such as milk, bread, cinnamon, sugar to make desserts and appetizers and to buy plastic cups and napkins.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Nov 28, 2013
Dec 11, 2013
Currency Exchange Loss:
Feb 9, 2014