Pedro is 51 years old and buys and sells livestock. He began doing this five years ago, because he did not have enough money to support his family. He has five adult children who are now on their own. Because his livestock is his primary source of income, he tries to provide it ith good quality feed, so that they will become more valuable to the buyers who frequently visit his farm. He always brings in enough income to be able to provide for his family. He is asking for this loan in order to buy five bulls and some cows. He would someday like to buy his own land in order to be able to raise more livestock.
Pedro Celestino tiene 51 años, por lo su actividad económica es la compra y venta de ganado. Hace más de 5 años que se dedica a este negocio, pues no tenía el capital suficiente para mantener a su familia. Tiene 5 hijos que son mayores de edad que no están a su cargo. Como esta es su principal fuente de ingresos, Pedro trata de brindar una buena alimentación a sus animales para que estos tengan un buen valor con los negociantes que siempre llegan al lugar a adquirirlos. Siempre brinda una fuente de ingresos que le ayuda a solventar la economía de su familia. Es por eso que solicita este financiamiento para la compra de 5 terneros y también vacas. Su deseo es comprar su propia tierra para obtener más ganado.
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).