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Jose Ilario

Update on Jose Ilario

José Llario, an adult, is married with six children, and he is responsible for two of them as the others are financially independent. He is from one of the Chinandega municipalities, located to the northwest of the country. The area is very productive and the predominant businesses are cattle raising, agriculture, gold mines, trade, and others. José Llario is known as a hardworking, responsible man. From a very early age, he had to work to contribute to the household expenses. So, he only completed primary school and was unable to study for a degree. For this reason, he has strived daily to provide a better future for his children so that they may achieve what he could not. José Ilario is a small businessman, owner of a beautiful cabinetmaker’s workshop where he builds all types of furniture such as wardrobes, beds, bureaus, clothes racks, doors, chairs, tables, cradles, and many others. His purchases are in cash in the regions surrounding his region. His sales are in cash and credit, which he collects every fifteen days. Today, he has more demand from his customers thanks to the quality of the work that he delivers and the good services to his customers. The purpose of this loan is to purchase raw material for his workshop. At this time, he will purchase wood (kapok and mahogany), glue, nails, veneer, lacquer, and other materials. One of his dreams is to make improvements in his business and have better working conditions. José Ilario is very grateful for the support that the Kiva investors offer to people of limited financial resources.
View original language description ↓
José Ilario mayor de edad, casado con 6 hijos de los cuales dos están a un bajo su responsabilidad, los otros son independiente económicamente. originario de unos de los municipios de Chinandega ubicado al norte del occidente del país, zona que es muy productiva donde predomina varios tipos de negocios como la ganadería, agricultura, minas de oro, comercios, entre otros, se caracteriza por ser un hombre trabajador, responsable,desde muy temprana edad tuvo que trabajar para aportar con los fastos del hogar, por lo que no logro estudiar una carrera tan solo termina la primaria, Por tanto ha luchado día a día para brindarle un futuro mejor a sus hijos y que logren lo que el no pudo, Jose Ilario es un microempresario propietario de una hermoso taller de ebanistería donde elaboran todo tipo de muebles como:roperos, camas, cómodas, percheros, puertas, sillas, mesas, cunas entre otros mas. sus compras son al contado en comarcas aledañas a su comarca, sus ventas son al contado y al crédito los cuales recupera quincenal lo invertido, hoy en día tiene mas demanda de sus clientes gracias a la calidad de trabajo que el entrega y al buen servicio a sus clientes. El objetivo de este financiamiento es para compra de materia prima para su taller en este caso madera(pochote y caoba), pega, clavos, zener, lacas entre otros, uno de sus sueños es poder realizar mejoras en su negocio para tener mejores condiciones para su trabajo. Jose Ilario agradece mucho el apoyo que los inversionistas kivas les ofrece a personas de bajos recursos económicos.-

Previous Loan Details

José Ilario, age 50, is married with six children of whom two are under his care. The others are economically independent. He is from one of the municipalities of Chinandega, located in the northeast of the country. This is a very productive zone where there are several types of businesses such a... More from Jose Ilario'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
  • 45
    View loans »
    Nicaragua Loans Fundraising
  • $26,296,575
    Funds lent in using Kiva
  • 26.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Jose Ilario to purchase wood (kapok and mahogany), glue, nails, veneer, lacquer, and other materials.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Mar 6, 2014
Mar 30, 2014
Currency Exchange Loss:
Dec 17, 2014