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Lesbia Maria
Lesbia is a widow and mother of three children. Her eldest children are 30 and 27 and are independent of their mother; the youngest is 21 and is in school. Lesbia began her business when her husband passed away and she needed to find a way to support herself. She started by selling clothing and then included food sales, which she sells to a preschool. The two aspects of her business ensure that she has a steady income. This is the first business loan that Lesbia has taken out with Fundación León 2000, though she has a good credit history with them for personal use loans. Lesbia’s dream is to continue to use her business to support her daughter’s education. Lesbia says that the challenge of being both mother and father to her three daughters is great.

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
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $23,414,475
    Funds lent in using Kiva
  • 20.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Lesbia Maria working capital for her business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2009
Listed
Dec 5, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2010