Update on Mario GenaroMario Genaro is 52 years old, and is married with three children, aged 22, 18, and 7. He is a native of León, located in the western part of the country.
He makes a living by raising and selling livestock, which he started doing 12 years ago. He makes his sales as a street vendor. He travels about 3 times a week to surrounding regions, offering livestock to new and regular customers.
Mario Genaro has proven to be a responsible, hard-working man. With his previous loans he demonstrated punctuality in his payments.
He needs funding to invest in working capital and buy a herd of cattle that is being offered at a good price.
Mario Genaro appreciates the help that Kiva investors provide to people of scarce resources and poor countries like Nicaragua, to make a decent living.
Previous Loan DetailsMario is a man who is eager to get ahead. He is 51 years old and supports 3 children. His source of income is selling cattle, which he began in order to have other income. He has always liked coping with the household income. The reason for this loan is to buy cows, bulls, goats and horse... More from Mario Genaro'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