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Catalina Concepcion
Sra. Catalina is 29 years old, and is a single mother with a 3 year old son. She has a business selling general merchandise such as clothing, shoes, cosmetics, and school supplies, etc. She began this business when she had her first son, as she was looking for an alternative source of income with which she could offer the necessary care for her little son. It should be highlighted that she has been working in the free-trade zone for two years, and she takes advantage of working there to distribute her products to her work colleagues. She is currently requesting the loan from the Fundacion Leon 2000 in order to be able to buy items, principally school products, since she wishes to take advantage of the sales that are nearing with the beginning of the children's school year. Catalina hopes to strengthen her business so that she can move away from the free-trade zone and spend more time with her business in the company of her son.
View original language description ↓
La señora Catalina tiene 29 años de edad, es madre soltera con un hijo de 3 años de edad. La señora tiene un negocio de venta de mercadería en general tal como ropa, zapatos cosméticos, útiles escolares, etc. La señora empezó este negocio cuando tuvo a su primer hijo, buscando una fuente alternativa de ingresos con que brindarle una manutención necesaria a su niño pequeño. Cabe señalar, ella trabaja en una zona franca desde hace dos años, y ella aprovecha trabajar allí para distribuir sus productos con sus compañeros de trabajo. Ella actualmente está solicitando un préstamo de Fundación León 2000 para poder realizar unas compras de sus artículos, principalmente artículos escolares, ya que desea aprovechar las ventas que se aproximan con la entrada de los niños a la escuela. Catalina desea fortalecer el negocio, para poder retirarse un día de la zona franca y poder pasar más tiempo en su negocio en compañía de su hijo.

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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,770,775
    Funds lent in using Kiva
  • 20.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Catalina Concepcion working capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2010
Listed
Feb 4, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2010