Bibiana Frank is 53 years old, married, and has five children who live independently. She is in the business of buying and selling silver which she distributes as a street vendor and also from her home. She has been in this business for 7 years. She started this business with a very small amount of pieces since at that time she would purchase very little. Now she buys larger quantities because she sells much more than before and has a greater number of buyers. This loan will be invested in the purchase of product, some off which she has already ordered. Her desire has always been to uphold her record because she would like to establish another business.
Bibiana Frank tiene 53 años, es casada y tiene 5 hijos que viven de manera independiente. Ella se dedica al negocio de la compra-venta de plata, la cual distribuye de manera ambulante y también en su casa. Tiene 7 años de tener este negocio. La señora empezó este negocio con muy poca cantidad de prendas ya que en ese tiempo compraba muy poco, ahora ella compra por mayores cantidades, ya que vende mucho más que antes, y posee mayor cantidad de compradores. El financiamiento será invertido en la compra de productos, de los cuales ya tiene ciertos encargos. Su deseo siempre ha sido mantener su record ya que le gustaría establecer otro negocio.
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).