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Karla Vanessa
Karla began selling plastic bags 10 years ago when she worked in the market. Her mother also sold bags and although Karla started on her own, her mother has been supportive. Nearly everything that is sold comes in plastic bags. In the markets these bags are used as the only packaging material and are often reused in a business and around the house. Karla dreams of having a more established location for her business; for the moment she sells her bags on foot, walking from vendor to vendor.

Karla has a long relationship with Fundación León 2000 and has been able to manage six loans for both her business and personal use. Karla will use this loan for the purchase of more plastic bags of various sizes.

Karla is 28 years old, is married, and has three children, ages 11, 7, 3. The youngest isn’t in school yet, but the older children are in 5th and 2nd grade, respectively.

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
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $23,505,525
    Funds lent in using Kiva
  • 20.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Karla Vanessa working capital.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2009
Listed
Nov 26, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2010