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Margine Raquel
Margine Raquel R. M. is 35, single, and has 2 children. She makes a living by selling imitation jewelry. She has done this for more than 4 years. She started this business to cover her home's expenses. She works as a street vendor since this is the only way she has of offering her products. Doña Margine's goal is to increase her inventory to be able to compete strongly. The financing requested will go towards working capital so she can purchase necklaces, bracelets, chains, and earrings of silver and gold laminate. Her dreams are to establish a store and to leave her business to her daughters.
View original language description ↓
Margine Raquel R. M. tiene la edad de 35 años, su estado civil es soltera. Doña Margine tiene 2 hijos. La actividad económica de Margine es la venta de bisutería.
Hace más de 4 años que se dedica a este negocio. Doña Margine inicio este negocio por la necesidad de cubrir los gastos de su casa, la ubicación de su negocio es de manera ambulante ya que es la única manera en la que puede ofrecer sus productos. Doña Margine dice tener los propósitos de incrementar su inventario para competir fuertemente. El financiamiento que solicita es destinado para capital de trabajo efectuara la compra de collares, pulseras, cadenas aretes de plata y oro laminado. Los sueños de Margine son de establecerse en una tienda y así proporcionarle este negocio a sus hijas.

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).

About Nicaragua

  • $4,800
    Average annual income
  • 123
    View loans »
    Nicaragua Loans Fundraising
  • $24,546,650
    Funds lent in using Kiva
  • 19.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Margine Raquel working capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2009
Listed
May 24, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009