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Mario Santiago
Mario Santiago, 29, is single and does not have children. He butchers pigs. He also sells pigs from his house. He started this business eight years ago. At first he sold pork. He was investing until he was able to have his own business without having to buy from another person. He has always worked very hard in order to get ahead.

The loan is to buy five pigs, which will improve his sales and increase his working capital. His goal is to have a butcher shop that will increase his sales and help to improve the general quality of life for him and his family.
View original language description ↓
El señor Mario Santiago tiene 29 años de edad, es soltero y no tiene hijos. El se dedica al destace de cerdo, además que en su casa de habitación vende también cerdos. El dio inicio a este negocio hace 8 años, por lo que primeramente él se dedicaba a la venta de carne de cerdo, fue invirtiendo hasta que logro tener su propio negocio sin tener que comprarle a otra persona. Por lo que siempre ha trabajado muy duro para salir adelante. El crédito será invertido en la compra de cinco cerdos que harán mejorar sus ventas e incrementar su capital de trabajo. Su meta es llegar a tener una carnicería que incremente sus ventas y que ayude a mejorar el nivel de vida de el y de su familia en general.

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
  • 63
    View loans »
    Nicaragua Loans Fundraising
  • $23,461,725
    Funds lent in using Kiva
  • 20.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Mario Santiago buy pigs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2009
Listed
Nov 12, 2009
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2010