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Cristobal Daniel

Update on Cristobal Daniel

Cristóbal Daniel is an adult married man with a young child for whom he is responsible. He is originally from one of the towns in Chinandega which is located in the western part of the country. This area is known for its beautiful beaches, tourism, and the retail trade. Throughout his life, Cristóbal has been a very determined and hard worker who has the drive to succeed on a personal level. This has allowed him to accomplish each of his goals and dreams. He was not able to finish his high school studies. Since his family had limited financial resources, Cristóbal could not continue his education. Today he dreams of seeing his son become a professional.

Cristóbal Daniel is a small entrepreneur who has a business of buying and selling general merchandise such as trousers, shirts, dresses, shorts, T-shirts, undergarments, cosmetics, perfumes, school supplies, and plastic goods. His daily schedule begins very early and he spends approximately eight hours each day as a traveling vendor, taking orders from his customers, both established and occasional. He makes his purchases with cash at the wholesale markets in other towns and from distributors. His sales are conducted with cash or on credit, and then he collects payments on a weekly or bi-weekly basis.

The purpose of this loan is to invest it as operating capital so that he can restock his business of buying and selling merchandise. This will allow him to fulfill the various orders from his customers so that he can generate more income. Cristóbal Daniel appreciates the assistance that Kiva lenders provide to people who have limited resources and come from poor countries, such as Nicaragua, so that then can earn a decent living.
View original language description ↓
Cristóbal Daniel, mayor de edad casado con un hijo menor de edad, aun bajo su responsabilidad, originaria de uno de los municipios de Chinandega ubicado en el occidente del país, zona que se caracteriza por sus hermosas playas, el turismo y el comercio, En la vida ha sido muy luchador, trabajador con ganas de superación personal, para cumplir cada uno de sus sueños y metas. No logra terminar sus estudios concluyo la secundaria debido escasos recursos económicos en su familia no pudo estudiar, Hoy en día su sueño es ver formado a su hijo en un profesional, Cristóbal Daniel, es un microempresario que se dedica a la compra venta de mercadería en general como: pantalones, camisas, vestidos, short, camisetas, ropa interior, cosméticos, perfumes, artículos escolares. Productos plásticos, inicia su jornada diaria desde muy temprano dedicándole una 8 horas diarias de forma ambulante y por encargos de sus clientes, tiene clientes fijos y eventuales, sus compras las realiza al contado en mercados de mayoreos de otros municipios y a distribuidores, sus ventas son al contado y al crédito recuperando semanal y quincenal lo invertido, El objetivo de este financiamiento es para invertir en capital de trabajo y surtir su negocio en la compra y venta de mercadería, para lograr cubrir varios pedidos que tiene de sus clientes y obtener mejores ingresos, Cristóbal Daniel agradece la ayuda que los inversionistas kivas les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

Cristóbal, 51, is married and is father to a 9-year-old boy who is in primary school. Cristóbal is characterized as a responsible, hard-working person with the drive for self-improvement. He is originally from one of the ports of the region of Chinandega. He started his business 30 years ago. ... More from Cristobal Daniel'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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,770,775
    Funds lent in using Kiva
  • 26.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Cristobal Daniel to buy general merchandise including clothes, shirts, dresses, cosmetics, and other items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2014
Listed
Apr 20, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015