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Noel Ernesto
Noel Ernesto is 49 years old. He lives in his home with his wife. He has two children and only one of them is dependent upon him. His economic activity is a general store. He has been working in this business for more than 15 years. He started selling basic products, such as rice, sugar, oil and beans. His business was needed to offer a necessary alternative income to his family. Noel's main business is to satisfy the needs of his customers offering them whatever they require. This is why he applies to Fundación León 2000 and through it its sister organizations for the support he needs, and he asks for a loan for working capital to purchase basic grains, candy, soft drinks, soda pops, costume jewellery and bags of milk. Noel's wish is to turn his store into a wholesaling business.
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Noel Ernesto tiene la edad de 49 años, vive en su casa de habitación con su esposa. Tiene 2 hijos y solamente 1 está a su cargo. Su actividad económica es una pulpería. Hace más de 15 años que se dedica a este negocio. Por lo que inicio ofreciendo la venta de productos básicos como arroz, azúcar, aceite y frijoles. Ya que su negocio fue una alternativa de ingresos necesarios para su familia. Por lo que el principal negocio de Noel es satisfacer las necesidades de sus clientes ofreciéndoles lo que ellos solicitan. Es así como recurre a Fundación León 2000 ya que por medio ella las organizaciones amigas dan el apoyo necesario y solicita el financiamiento para capital de trabajo para granos básicos, golosinas, refrescos, gaseosas, bisutería y leche en bolsa. El deseo de Noel es convertir su negocio en una distribuidora.

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
  • 128
    View loans »
    Nicaragua Loans Fundraising
  • $23,810,675
    Funds lent in using Kiva
  • 20.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Noel Ernesto purchase basic grains, candy, soft drinks, soda pops, costume jewellery and bags of milk.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2009
Listed
Dec 6, 2009
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2010