Update on Danilo JoseDanilo José is an adult, single and has a son he is raising. He is from the town of Chinandega and he is the owner of a transportation unit, a taxi. He offers his service in this city and he works two shifts. He is a hardworking man who is honest and responsible with his obligations. He goes out very early to offer his services. He has had his business for 10 years. Danilo José is asking for the loan to to do improvements on his transportation unit. He will buy things like a set of pistons, a set of rings, a set of valves, front shock absorbers, a cv joint and more. This way, he can offer his customers a better service. He is very grateful to the Kiva investors for the help they offer to low income people and poor countries like Nicaragua so they can have sources of employment.
Previous Loan DetailsDanilo José is 49 years old, married, has one son - now an adult -, and lives in the Chinandega department, in the west of the country. Danilo has owned a transport business for ten years. His day starts very early and he works two shifts per day in order to improve his quality of living. Due to… More from Danilo Jose'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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Success!! The loan was 100% repaid