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Sofia Mercedes
Sofia Mercedes V. A. is 56 years old. For a living she has been renting out chairs for 7 years. Previously she worked as a teacher but becase of her advanced age she was laid off, but as she is responsible for her son being father and mother at the same time, she needed to find another way of providing for him economically. Therefore she decided to set up the chair rental business. She started with only 50 chairs but with the help of the loans the number increased. The money requested is for work capital to buy chairs and plastic tables. She also travels to Managua as it is more favorable. It is her wish to continue with her business as it is her only source of income.
View original language description ↓
Sofía Mercedes V. A. tiene la edad de 56 años. Tiene la actividad económica de alquiler de sillas. Hace más de 7 años que se dedica a este negocio. Anteriormente laboraba como docente, pero debido a su edad avanzad tuvieron que despedirla. Por lo que Sofía tenía que buscar un medio de vida para su hijo porque ella realizaba las dos funciones de padre y madre a la misma vez para su hijo. Fue por esto que decide establecer este negocio de alquiler de sillas, inicio solamente con 50 sillas, pero con la ayuda de los financiamientos fue incrementando sus productos. El dinero que solicita es para capital de trabajo para la compra de sillas, mesas plásticas y además ella viaja hasta Managua porque el mucho más favorable. En sus deseos esta el seguir manteniendo este negocio ya que es su único medio de vida.

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
  • 134
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 20.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Sofia Mercedes work capital.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2009
Listed
Aug 6, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2010