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Maria Apolonia
María Apolonia B. Ríos is 62 years old. She is a single mother. She runs a business in the sale of dairy products. Maria gets up very early to acquire milk, given that she has a place that offers her milk at an affordable price, which allows her to offer it at a good price to her clients. Even though she sells her products in the market, Maria has many financial problems, however, thanks to the sacrifices that she has made she has been able to get ahead in life. The loan will be used as work capital to purchase products, such as milk, cheese curds, cheese, and cream. Her biggest wish is expand her business so that her children can someday succeed.
View original language description ↓
María Apolonia B. Ríos tiene 62 años. Es madre soltera. Su actividad económica es la venta de productos lácteos. María se levanta muy temprano para conseguir la leche, ya que tiene un lugar que se la proporciona a un precio accesible así ofrecerlas a sus clientes. Por lo que ella vende sus productos en el mercado, María es una mujer con muchos problemas económicos, pero gracias a los sacrificios que ha realizado ha logrado salir adelante. El destino de su financiamiento es para capital de trabajo para la compra de sus productos como leche, cuajada, queso, crema. Su mayor deseo es extender su negocio para que el día de mañana sus hijos logre salir adelante.

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
  • 104
    View loans »
    Nicaragua Loans Fundraising
  • $23,742,975
    Funds lent in using Kiva
  • 20.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Maria Apolonia work capital (to purchase milk, cheese curds, cheese, and cream).
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 8, 2009
Listed
Jul 15, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2010