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Jose Daniel

Update on Jose Daniel

José Daniel is married and has a young son. He is from the region of Chinandega, a zone with a strong tourism industry and business sector. José operates a clock and watch shop in one of the local markets where he repairs and sells clocks and watches. When he is not working at his clock and watch shop, José runs a small convenience store out of his home and sells a wide variety of products, including: staple grains, candy, detergents, cosmetics, etc. He has worked hard to grow his customer base, and he now has many faithful clients. José, offers payments plants to his clients and works with them to collect payments every 1-2 weeks.

With the support from this loan, José plans to purchase merchandise to stock his convenience store (rice, sugar, candy, detergents, etc.), as well as order replacement parts for clocks and watches for use in repair projects at his shop. José is very grateful for this opportunity and to Kiva lenders for their support.
View original language description ↓
José Daniel, mayor de edad, casado con un hijo menor de edad, originario del municipio de Chinandega zona donde predomina el comercio y el turismo, José tiene una relojería ubicada en uno de los mercados de este municipio donde ofrece el servicio de repuestos varios, fajas, controles, relojes entre otros al igual que tiene una pulpería en su casa de habitación donde ofrece productos de consumo del hogar como: granos básicos, golosinas, detergentes, cosméticos entre otros, el tiene clientes fijos y eventuales en los cuales da al crédito y al contado recuperando semanal y quincenal, el objetivo de de este crédito es para invertir en capital de trabajo en la compra de productos de consumo: arroz, azúcar, golosinas, detergentes al igual que materia prima para su relojería. José Daniel agradece mucho el apoyo que los inversionistas kivas les ofrece a personas de bajos recursos económicos

Previous Loan Details

José Daniel is 59 years old. He is married and has a 14-year-old son, in the Chinandega department, which is located in the western part of the country. His economic activity is a watches and clocks repair store, in which he repairs clocks and watches, he sells spare parts, batteries and new cloc... More from Jose Daniel'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
  • 53
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Jose Daniel to purchase replacement clock and watch parts for repair projects at his business and merchandise to stock his convenience store.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Aug 28, 2013
Sep 10, 2013
Currency Exchange Loss:
Aug 17, 2014