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Andres Epifanio

Update on Andres Epifanio

Andrés Epifanio is 42 years old. He is from the municipality of Malpaisillo, married, and has two children who are 17 and 15 years old and who are studying in high school. His business is the sale of fuel, lubricants, and replacement bicycle parts. He started in this business 8 years ago. He started it of his own initiative because he needed an income for his family. He took advantage of the fact that in the town where he lives, no one else provided this service. His business was well accepted, so he became established and now he has many customers. Andrés has had other loans in the past and he has demonstrated his responsibility by making his repayments on schedule. He needs the loan to invest in working capital and to buy products such as: fuel, bicycle parts, tires, brakes, pedals, spokes, and grease. Adrés is thankful for the help that the Kiva lenders provide to people of few financial resources so that they can have a dignified way of working in countries with so many needs, like Nicaragua.
View original language description ↓
Andrés Epifanio de 42 anos de edad. Del municipio de Malpaisillo, casado con dos hijos de 17, 15 anos los dos están estudiando en secundaria. Tiene por actividad económica la venta de combustible, lubricantes y repuesto de bicicletas. Desde hace 8 anos que inicio dicha actividad. La cual inicio con esfuerzo propio y por la necesidad de tener un ingresos para su familia y aprovechando que la comarca donde habita no prestaban el servicio. El cual tuvo una gran aceptación y de dicha forma se estableció y en la actualidad tiene mucha clientela. Andrés ya ha trabajado con otros créditos y ha demostrado su responsabilidad con sus pagos en tiempo y formas. El financiamiento lo quiere para invertir en capital de trabajo y comprar sus productos como: combustible, repuesto de bicicletas, llantas, frenos, pedal, rayos, grasa. Andrés agradece la ayuda que brindan los inversionistas kiva a personas de escasos recurso para poder tener un medio de trabajo digno en países con tanta carencias como es Nicaragua.

Previous Loan Details

Andrés Epifanio, 41, has two children in his care. He sells fuel, since he lives in an area where this product is in high demand. Despite being experienced, he is always looking for ways to attract his customers. Andrés has to go to the city to buy this product and sell it at an accessible pri... More from Andres Epifanio'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.

About Nicaragua

  • $4,800
    Average annual income
  • 72
    View loans »
    Nicaragua Loans Fundraising
  • $25,756,600
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Andres Epifanio to invest in working capital and to buy products such as: fuel, bicycle parts, tires, brakes, pedals, spokes, and grease.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 18, 2012
Oct 7, 2012
Currency Exchange Loss:
Sep 17, 2013