Update on Justino AdolfoJustino is 45 years old. He's in a common law marriage and has a 9-year-old son. He comes from the town of Chinandega. Chinandega is known as a thriving commercial area; it's a border area, which facilitates the trade in Chinandega. Justino's business is taxi services, which he has been providing for 12 years in the town of Chinandega. He has both casual and regular customers, such as company employees. He acquired his taxi cab many years ago as a result of his own efforts. He had been working abroad, and with the money he brought back he was able to purchase his taxi, which has been his and his family's livelihood. Justino has already worked with Fundación León 2000 before, and he has proven himself to be responsible with his repayments, both in terms of time and form. The challenges and hardships that the family has faced in the business are a few mechanical flaws in the engine of his taxi, which is the reason why he's requesting the loan. His dream for the future is to keep on working hard and eventually buy another taxi cab. Justino gives thanks for the help that Kiva lenders provide for underprivileged people from poor countries such as Nicaragua.
Previous Loan DetailsJustino Adolfo is a responsible man who is looking for a way to improve his income. He is very excited about this loan, which is his opportunity to get ahead with his business. He has been in the business of providing taxi service for over 13 years. He has looked for the way to improve h... More from Justino Adolfo'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