Update on Pedro JosePedro is 56-years old, married and has two young children. He is a native of Leon, an area in the west of the country. Pedro is known for being hard-working, responsible and having a desire for self-improvement. In his free time, he enjoys his children's company. Pedro currently works day after day to offer his children some financial and emotional stability and to help them become good people. His dream will be realized once he sees his children with professional careers.
Thanks to his efforts and his desire to get ahead, Pedro has a business selling brand-name and generic medications such as: acetaminophen, Panadol, Tabcin, Glibenclamide, Loratadine, Talerdin, Renikan, Corilin, kidi, medoc and mefenamic acid. He works about ten hours a day traveling around to sell his products to the different pharmacies and general stores in his neighborhood. The goal of this loan is to invest in working capital and stock up his business so that, in the not too distant future, he can earn more income. Pedro is grateful for the help of the Kiva lenders, who offer low-income people and poor countries, like Nicaragua, the chance for a dignified means of work.
Gracias a su esfuerzo y sus ganas de salir adelante tiene por actividad económica la venta de medicamentos éticos y genéricos como acetaminofen, panadol, tabcin, glibenclamida, loratadina, talerdin, renikan, corilin, kidi, medoc, acido mefenamico. El dedica a su negocio unas 10 horas diarias ofreciendo su producto de forma ambulante en las diferentes farmacias y pulpería de la localidad. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio para que en un futuro no muy lejano pueda obtener mejores ingresos. Pedro 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 DetailsPedro José, 55, is from the municipality of León, a place located in the west of the country. Pedro is a hardworking, responsible man with a desire for personal growth. Thanks to his enterprising spirit and his drive to get ahead, his economic activity is selling generic medicine from place to… More from Pedro 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