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Julio Cesar

Update on Julio Cesar

Julius Cesar is fifty years old. He is married with three children, ages 25, 23 and 6. The youngest child is still a dependent. The older two have jobs and are independent. Julius is from Chinandega Province. This is located in the west of the country. Julio works selling general merchandise. He buys and sells pants, blouses, shirts, dresses, skirts and underwear. His business is located in his house and he sells door-to-door. His daily routine consists of going door-to-door selling his goods to his regular customers. He provides them with credit and collects the payments every fifteen days. He began this business three years ago in order to have a way to provide economic support for his family. With the loans that have been provided by the Leon 2000 Foundation, he has been able to grow his business and gain more customers. He has paid his payments on time and as required. Julio is thankful to the investors from KIVA for the help that they provide to people with scarce resources and to countries like Nicaragua. It gives us a dignified life.
View original language description ↓
Julio Cesar de 50 anos de edad. Casado con tres de 25,23, 6 anos. De los cuales el hijo menor esta bajo su responsabilidad, los mayores trabaja y son independiente. Julio es originario del departamento de Chinandega, lugar que esta ubicado en el occidente del país. Julio tiene por actividad económica la venta de mercadería en general la cual consiste en comprar y vender, pantalones, blusas, camisetas, vestidos, faldas, ropa interior. El negocio esta ubica en su casa y forma ambulante. La rutina diaria de Julio es trabajar ambulantemente unas 10 horas diarias a ofrecer su mercadería a sus clientes fijos y eventuales el cual deja de crédito y recupera quincenalmente. El negocio surgió hace 3 anos por la necesidad de tener una fuente de trabajo para brindarle a su familia estabilidad económica. Con los préstamos que fundación león 2000 le ha brindaba y poco a poco fue creciendo y haciendo clientela. Él ha demostrado su responsabilidad de pago en tiempo y forma. Julio agradece a los inversionistas kiva la ayuda que les brindan a personas de escasos recurso y países pobre como es Nicaragua para tener un medio de vida digno.

Previous Loan Details

Julio Cesar is married and has three dependent children. Julio's business is selling general merchandise. He makes his sales as a traveling salesman. This is a good way to have a large variety of customers. He is very happy with his way of life since he gets to talk to many people. Julio sta... More from Julio Cesar'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
  • 30
    View loans »
    Nicaragua Loans Fundraising
  • $26,396,925
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Julio Cesar to have working capital and to buy merchandise such as pants, blouses, shirts, skirts and underwear.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 26, 2012
Oct 16, 2012
Currency Exchange Loss:
Oct 17, 2013