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Silvia Maria
Silvia Maria is 44 years old and has 4 children, but only one son is still a minor under her care. She works selling basic products, the most popular of which are clothing, shoes, toys, and cosmetics. She started this business 12 years ago, and began it with her aunt, who was then in charge of used clothing sales and little by little increased the inventory until making the business what it is today. The loan will be used to buy merchandise, since if she buys right now and sells in December, her earnings will increase as prices are low right now. Her dream has always been to make improvements to her home, and so she hopes to invest more in her business so that it will be more profitable and give her the resources to improve her home.
View original language description ↓
Silvia Maria tiene 44 años de edad, con 4 hijos pero solamente 1 hijo que es el menor está a su cargo. Ella se dedica a la venta de mercadería en general, entre lo que sobresale la venta de vestuario, calzado, juguetes y cosméticos. La señora ya tiene 12 años de haber empezado con su negocio, ella inicio en coordinación con una tía, la cual en ese tiempo se dedicaba a la venta de ropa usada y poco a poco fue haciéndose de inventario hasta llegar a tener el negocio que hoy en día posee. El crédito será invertido en la compra de mercancías, ya que si compra en este momento y vende en diciembre, sus ganancias se incrementan ya que es ahora cuando los precios están bajos. El sueño siempre ha sido realizar mejoras a su casa, con ello pretende invertirle más a su negocio para que sea más rentable y de allí obtener los recursos para mejorar su vivienda.

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
  • 115
    View loans »
    Nicaragua Loans Fundraising
  • $23,803,650
    Funds lent in using Kiva
  • 20.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Silvia Maria merchandise.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 18, 2009
Listed
Dec 23, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2011