Senor Luis has sold shoes for 20 years. He began his business when he wasn’t able to find other work and has continued to maintain his business all these years because it has allowed him to support his family and improve their living conditions. This loan of C$20,000 will go towards the purchase of more shoes for his inventory. Luis has a good credit history with Fundacíon León 2000 and is a very capable client and businessman.
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).