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Hector Manuel

Update on Hector Manuel

Héctor lives in the city of Estelí with his wife and his two young children. He makes a living with a small grocery store in his house, which is located in a good place where thanks to God he has managed to get ahead.

He got his first loan to buy products such as rice, sugar, and oil. He needs this new loan to buy school supplies, basic grains, rice, sugar, oil, beans, and soda.

He says that since he received his first loan his life has improved a lot because with what he invested his business has grown. Also, with the profits, he has made improvements to his house, which before was made of wood and now he made it of concrete.

He's happy and he knows this new loan means a big injection of capital for his business. His goal for the future is to have his house completely built. His next goal is to expand his business.
View original language description ↓
Héctor habita en la ciudad de Estelí junto con su esposa y sus dos pequeños él se dedica al negocio de pulpería en su vivienda que está ubicada en un buen punto en el cual gracias a Dios ha logrado salir adelante el primer crédito lo saco para comprar productos como arroz, azúcar, aceite. Este nuevo crédito lo necesita para la compra de útiles escolares, granos básicos, arroz, azúcar, aceite frijoles, gaseosas. Él dice que desde que recibió el primer crédito su vida mejoró en gran manera ya que con lo que invirtió su negocio ha crecido y con las ganancias ha hecho mejoras en su vivienda que antes era de madera y ahora la hizo de concreto este feliz y sabe que este nuevo crédito significa una gran inyección de capital para su negocio sus metas futuras son tener su casa construida totalmente y su meta próxima es aumentar su negocio.

Previous Loan Details

Héctor is originally from Siuna. Currently he lives in Estelí. He is 28 years old and the father of two children between the ages of 5 and 2 years old, respectively. He is a merchant. He started with his own capital, money he got from selling bananas. He is currently the owner of a grocery sto... More from Hector Manuel's previous loan »

Additional Information

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
  • $26,258,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Hector Manuel to buy school supplies and provisions.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
May 24, 2013
Jun 17, 2013
Currency Exchange Loss:
Jan 18, 2014