Alfonso Vanegas Munoz is 50 years old. He is married with three children who still depend on him. He earns a living as a mechanic, work he has been doing for more than 30 years. Alfonso needs to work long hours, from early morning until late at night just to put food on the table for his family. Sometimes his children help him in the shop when they are not at school. He is a very responsible person and a good client of the communal bank. He will use the loan he is requesting to purchase spare parts. His dream is for his children to be able to complete their education.
Fundación Leon 2000This 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).
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Success!! The loan was 100% repaid