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Elba Ruth
Elba Ruth G. L. is not married. Her three children are grown and are independent from their mother. Elba is 62 years old. For 36 years, she has run an eatery. She began her business with the idea of walking from place to place and selling her foods to customers as she found them. With the profits from the early business, Elba was able to establish a permanent location in the central market of Somotillo, near the city of Chinandega, Nicaragua. Her biggest customers are the other merchants at the market. Elba often extends credit to them. A good businesswoman, Elba dreams of improving her business with every passing day. She doesn’t rely on the support of anyone and is proud of her independence

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
  • 91
    View loans »
    Nicaragua Loans Fundraising
  • $24,771,875
    Funds lent in using Kiva
  • 20.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Elba Ruth capital for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2009
Listed
Oct 22, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2010