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Luis Ramon

Update on Luis Ramon

Tidiness and cleanliness are the main characteristics of Luis’ small workshop, where he repairs a great number of tires every day. At the same time, he offers high-quality products and excellent service. He is 42 years old, married with three children. He is a hard-working and enterprising man. He started his business 14 years ago with the aim to improve his economic situation and, bit by bit, with the help of his wife, he got ahead.

Luis aks for a new loan to buy a compressor engine. With this engine, he hopes to be able to repair more tires, because it will streamline his work. So he will be able to attract more customers.

He is very grateful for his first Kiva loan via MiCrédito, because he could buy products for the small grocery store of his wife, which was a great economic support for the family. Therefore, he hopes to be able to continue to work and to offer his family an education and good health.
View original language description ↓
El orden y la limpieza son las principales características del pequeño taller de vulcanización de Luis, donde día a día repara gran cantidad de neumáticos, al mismo tiempo brinda productos de calidad y excelente atención. Tiene 42 años, está casado y tiene tres hijos. Es un hombre trabajador y emprendedor, hace 14 años inició en el negocio con el objetivo de mejorar la situación económica, poco a poco, con el apoyo de su esposa ha ido progresando.
Luis solicita otro crédito para la compra de un motor compresor, con el que espera incrementar la reparación de los neumáticos, puesto que agilizará el procedimiento, de tal manera que logrará obtener más clientela. Él está muy agradecido con el primer financiamiento de Kiva a través de MiCrédito, puesto que logró comprar productos para la pequeña pulpería de su esposa, lo que ha sido un soporte en la economía familiar. Por lo tanto, espera seguir trabajando para poder brindarle a su familia educación y salud de calidad.

Previous Loan Details

We found energetic, dynamic Luis in the very middle of his work day carrying out his activity as the owner of a tire store and at the same time helping his wife with her kiosk. He tells us that he used his first loan to stock his kiosk that his wife tends to; it was very positive and profits from… More from Luis Ramon's previous loan »

Additional Information

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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About Nicaragua

  • $3,636
    Average annual income
  • 149
    View loans »
    Nicaragua Loans Fundraising
  • $23,163,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $775 helped Luis Ramon to buy a compressor engine.
58% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2014
Listed
Jun 20, 2014
Currency Exchange Loss:
N/A