Check out some available loans that are similar to this one!
Presentacion Jesus
45-year old Señor Presentación Jesús Álvarez Áreas has four children in his care. Due to his financial situation, not one of the children is in school. He earns his living by butchering pigs and selling pork, a job he has been doing for more than seven years. Beforehand, his mother was in charge of the business, and as time passed she taught her son how to do the work. When she got sick, her son took over the business--its popularity is due to the efforts of his mother.

Because of the difficulties that Presentación has faced such as the economic crisis, he is seeking a loan for working capital and to buy corn, masa (corn flour), firewood etc. His greatest dream is to expand and improve his business so that his children can continue this way of life.
View original language description ↓
El Señor Presentación Jesús Álvarez Áreas, tiene 45 años de edad. Tiene 4 hijos a su cargo, debido a la situación económica que el presenta ninguno de sus hijos estudia. Su actividad económica es el destace y la venta de cerdo. Hace más de seis años que se dedica a este negocio. Anteriormente su mama se hacía cargo del negocio y con forme paso el tiempo se fue instruyendo en este tipo de actividad, debido a las circunstancia su mama presento problemas de salud por lo que él se hizo cargo del negocio y toda la popularidad que poseía la obtuvo por medio de su madre, pesar de las dificultades que enfrento a como es la crisis económica es por eso que solicita este financiamiento destinado para capital de trabajo como es la compra de maíz, masa, leña entre otras cosas. El mayor sueño de Presentación es de ampliar su negocio y mejorar las condiciones de él y poder dejarles este medio de vida a sus hijos.

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

  • $3,636
    Average annual income
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 19.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Presentacion Jesus working capital.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2009
Listed
Jul 8, 2009
Currency Exchange Loss:
Possible
Ended:
May 6, 2010