Check out some available loans that are similar to this one!
Frnacisco Benito
Francisco Benito is 51-years-old. For the past 28 years he has been in business making parts with his lathe. It was very hard when he started out because he didn't have enough income, and while he did have some of the tools he needed, he didn't have enough to make the parts people were asking for. This didn't discourage Francisco, though, and he sought help through loans, which have given him just the help he needs. He is currently requesting a loan for working capital, so he can buy materials to make parts. His wish is to continue with his work because his stability depends on it.
View original language description ↓
Francisco Benito tiene 51 años de edad, este Señor se dedica a la actividad económica de elaboración de tornos, hace más de 28 años que se dedica a este negocio, ya que cuando inicio fue muy difícil el no contaba con los ingresos necesarios además de esto tenia ciertas herramientas pero no eran suficientes para elaborar las piezas que le solicitaban, pero esto no esto no detuvo a Francisco pues el busco ayuda por medio de los financiamientos y han sido estos los que le han dado la ayuda necesaria. Actualmente solicita un financiamiento para capital de trabajo para la compra de materiales para realizar piezas. Su deseo es seguir con la actividad económica ya que de aquí depende su estabilidad.

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

  • $4,800
    Average annual income
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,551,600
    Funds lent in using Kiva
  • 20.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Frnacisco Benito working capital.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 29, 2009
Listed
Jan 8, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2010