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Maria Elena
Señora Maria Elena is 30 years of age. For work, she sells various products. She has had her business for more than 5 years. She is a street vendor because this is the only way to show her merchandise. She started with very few resources with her own funds but she has a great desire to get ahead as she has to pay the bills for her housing and food. Little by little she has increased her inventory with the little earnings her business generates. It was not until now that she was presented with the opportunity to work with Fundación León 2000. The loan she requests is for business capital for the purchase of pants, shirts, skirts, and t-shirts. Her greatest dream is to continue her business.
View original language description ↓
La Señora Maria Elena tiene la edad de 30 años. La actividad económica es la venta de mercadería en general. Hace más de 5 años que posee este negocio. La ubicación de su negocio es de manera ambulante ya que es la única manera de mostrar su mercadería. Por lo que sus inicios surgen con muy poco capital, y con fondos propios pero con muchas ganas de salir adelante. Por lo que tenía que pagar las cuentas de su vivienda y además buscar el alimento diario. Poco a poco fue incrementando su inventario con las pocas ganancias que su negocio le generaba, hasta que se le presento la oportunidad de trabajar con Fundación León 2000. El financiamiento que solicita es para capital de trabajo para la compra de pantalones, camisas, faldas y camisetas. Su mayor sueño es seguir con vida para mantener esta actividad.

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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,770,775
    Funds lent in using Kiva
  • 20.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Maria Elena business Capital.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2009
Listed
Nov 6, 2009
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2010