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Vicente Ramon

Update on Vicente Ramon

Vicente Ramón is 47 years old, married, and from the town of Leon. His work is making clay bricks. The business is located in his home, and he has been in this business for 22 years. It came about because of his need to have a source of work, in order to improve his family's income.

Vicente Ramón has already had credit with the Foundation, and has shown his responsibility by making payments in a timely manner. The purpose of the loan is to invest in raw materials such as earth, sand and clay for making clay bricks.

Vicente Ramón is grateful for the help that the Kiva investors offer to low-income people and to poor countries such as Nicaragua, so that people can have a decent livelihood.
View original language description ↓
Vicente Ramón de 47 anos de edad, casado, de la localidad de León, tiene por actividad económica la elaboración de ladrillos de barro. El negocio esta ubicado en su casa de habitación desde hace 22 anos que se dedica a dicho negocio. Negocio que surgió por la necesidad de tener una fuente de trabajo para mejorar los ingresos de su familia. Vicente Ramón ya ha tenido crédito con fundación y ha demostrado su responsabilidad de pago en tiempo y forma. El objetivo del préstamo es para invertir en materia prima como tierra, arena, abarro para la elaboración de ladrillos de barro. Vicente Ramón agradece la ayuda que los inversionistas kiva les ofrecen a personas de escasos recursos y países pobre como es Nicaragua para tener fuentes de trabajo digno.

Previous Loan Details

Vicente Ramón has made a living making and selling bricks for the past 21 years. He started out of the necessity to cover household expenses. He is a very responsible father who enjoys this way of life. He is requesting the loan to purchase clay, cement, sand and other products. He currently has ... More from Vicente Ramon'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
  • 46
    View loans »
    Nicaragua Loans Fundraising
  • $26,418,100
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Vicente Ramon to invest in working capital and buy raw material for making clay bricks, such as sand, earth and clay.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 16, 2012
Nov 29, 2012
Currency Exchange Loss:
Dec 17, 2013
This photo was used before for a previous loan for Vicente Ramon. It was first posted on Kiva on Nov, 2011. Learn More