Check out some available loans that are similar to this one!
Jose Lenin
Jose Lenin Vale R., 55, is a single man. He supports 3 children, all in school. He operates a business making and selling coffins. He's worked at coffin-making for more than 30 years. He started the business on his own after attending a school-workshop where he learned the trade. He decided to set up a place in his house where he could sell his coffins. The problems that Jose faced never kept him from continuing to struggle [to get ahead?]. The money that he wants to borrow is for working capital to buy wood, nails, paint and other basic materials. Jose's greatest hopes are to expand his business and generate more income.
View original language description ↓
José Lenin Vale R. tiene 55 años, es un hombre soltero. Tiene a su cargo 3 hijos y todos estudian. La actividad económica de José es la venta y elaboración de ataúdes. Hace más de 30 años que se dedica a este negocio. José inicio este negocio por cuenta propia ya que el asistía a una escuela taller y así fue que aprendió este oficio y decide establecer un lugar en su vivienda para ofrecer sus ataúdes. Sin embargo los problemas que José enfrentaba no lograron que siguiera luchando. El dinero que solicita es para capital de trabajo para la compra de pega, madera, clavos, pintura, tela entre otros productos de materia prima. El sueño de José es ampliar su negocio y generar mayor utilidad.

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
  • 103
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 19.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Jose Lenin working capital.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2009
Listed
Jun 5, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2010