Update on Pablo MarvinPablo is sixty-seven years old, is married, and is originally from La Paz Centro, an area located in the western part of the country. La Paz Centro is characterized by its typical food, like quesillo (tortilla and cheese) and tiste (milk, cacao, and corn powder drink). Pablo is a hardworking and responsible man; he has demonstrated this in his past loans in making timely and accurate payments.
Since he was very young, he has had to work in order to help with home expenses. Unfortunately, he could not attend school because of scarce economic resources.
Thanks to his spirit to move ahead, he makes a living in selling homemade food. He has been doing this for twelve years, and the business he has is located in his own home. His business consists of selling homemade food to businesspeople and to students.
The use of his loan is to invest in working capital; he will buy the basic ingredients for his foods, like: rice, beans, vegetables, beef, chicken, oil, firewood, disposable plates, and carbonated beverages. He carries out this activity with great pleasure.
Pablo is thankful for the help that the Kiva investors have offered to people who come from scarce resources and from poor countries like Nicaragua, in order to have a means of dignified work.
Gracias a su espíritu de salir adelante, tiene por actividad económica la venta de comida casera, desde hace 12 años, y el negocio lo tiene ubicado en su casa de habitación. El negocio consiste en vender comida casera, a trabajadores de empresas a jóvenes estudiantes. El objetivo del crédito es invertir en capital de trabaja y comprar materia prima para elaborar sus comidas como: arroz, frijoles, verduras, carne, pollo, aceite, leña, platos descartables, gaseosas. Actividad que la desempeña con mucho gusto. Pablo agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.
Previous Loan DetailsPablo Marvin has managed a diner for more than 11 years. He offers dishes such as beans and rice, steak with rice, chicken in white sauce, shredded beef, and other foods. Even though maintaining this business is not easy, Pablo manages to get ahead through effort and dedication. This loan... More from Pablo Marvin'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