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Marvin Fransisco
Marvin Francisco C. Arteaga is 45 years old and has a carpentry workshop. He has dedicated himself to this type of work for more than 15 years, which he started with just a few tools such as a saw, a hammer and a plane. He currently has workers in his workshop. Marvin requests this loan to buy a circular saw, with all the safety features, that would allow him to finish and deliver his wood products faster. Each of Marvin’s pieces is made to order. Marvin aspires to get ahead with this business, given that it has helped him improve his quality of life. His wishes are that his children become career professionals and have opportunities that he was not able to have.
View original language description ↓
Marvin Francisco C. Arteaga tiene la edad de 45 años. Don Marvin tiene un taller de carpintería. Hace más de 15 años que se dedica a este negocio. Y dio inicio a este con muy pocas herramientas como una cierra, martillo y un cepillo. Actualmente tiene a trabajadores en su taller. Marvin solicita el este crédito para la compra de una sierra circular, con todos los dispositivos de seguridad, lo cual le permitirá agilizar la realización y entrega de sus productos de madera. Marvin realiza sus trabajos por encargo. Marvin tiene los propósitos de salir adelante con este negocio, ya que le ayudo a salir adelante con su vida. Los deseos de Marvin son que sus hijos coronen una carrera profesional y que sus hijos tengan las oportunidades que el no pudo tener.

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
  • 91
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 19.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Marvin Fransisco working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2009
Listed
May 26, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009