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Modesta
Modesta A. A. is a 40 year old single mother of 3 children, all of whom are students. She operates a small grocery store out of her home and has been in business for over 21 years. Starting her business wasn’t easy – she still had to look after her children and take care of the family’s living situation. With very little capital, she bought a few racks of candy and started attracting customers.


The loan she is requesting will be used as working capital to buy rice, beans, sugar, oil, detergent and other items. She hopes to expand her grocery store so that she can offer more products to her customers.

View original language description ↓
Modesta A. A. tiene la edad de 40 años. Es una madre soltera. Tiene 3 hijos y todos estudian. La actividad económica de Modesta es una pulpería. Hace más de 21 años que se dedica a este negocio. La ubicación de su negocio es en su vivienda, por lo que al iniciar con este negocio no fue fácil, por lo que tenía que cuidar a sus hijos y velar por la condiciones de vida de la familia, es por eso que decide iniciar con muy poco capital, pero con esto logra comprar unos pequeños estantes para colocar las golosinas, y así fue que logra obtener clientes. El financiamiento que solicita es para capital de trabajo para la compra de arroz, frijoles, azúcar, aceite, detergente entre otras cosas. su deseo es de acondicionar su pulpería con mucho mas productos para sus clientes.

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
  • 114
    View loans »
    Nicaragua Loans Fundraising
  • $24,398,000
    Funds lent in using Kiva
  • 20.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Modesta working capital.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2009
Listed
Jul 12, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2010