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Alfonso
Alfonso, 59, has a machine shop that specializes in vehicle repairs.

This isn't the first loan he's had approved. He started out needing to help his parents economically because they were a very low income family. He learned his trade but was unable to continue with his formal education; he only finished elementary school.

The business consists mostly in repairs and replacement parts, such as: tires, piston rings, sparkplugs, filters, lubricats, car repair, etc.

"Throughout all my years of experience with my business, Fundación León 2000 has supported me with loans to develop my business and my family"

The funding requested now is for working capital.

"I have reached my dream of having my own home through my work and dedication; I have met my goal of maintaining and improving my business day to day"
View original language description ↓
El Señor Alfonso de 59 años de edad, tiene un negocio de taller de mecánica, que se caracteriza para prestar servicio de reparación de de vehículos. Este no es el primer financiamiento que se le ha otorgado. Inicio con la necesidad de poder apoyar económicamente a sus padres ya que eran una familia de bajos recursos, aprendió el oficio y no tuvo la oportunidad de seguir estudiando solamente termino su educación primaria. la descripción del negocio se caracteriza de reparación compra y venta de repuestos como: llantas, anillos chisperos, filtros, aceites, reparación de vehículos etc. A través de todos los años de experiencia con mi negocio fundación León 2000 me ha prestado su apoyo con respecto a los créditos que para el desarrollo de mi negocio y de mi familia. El financiamiento que solicita es para capital de trabajo. He cumplido el sueño de poder tener una casa propia a través de mi trabajo y dedicación, he cumplido con mi propósito de mantener y superar mi negocio día a día.

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
  • 171
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 21.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Alfonso to buy auto repair merchandise and supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2010
Listed
Mar 3, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2010