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Maria Eugenia
Maria is 54 years old and has been running a general store for more than five years. She began her small business in order to be able to generate some income for her family. She didn't have much money, so she needed a way to invest her money into food products that she could sell to her neighbors. Little by little she improved her store. She continues to work at it, even though she does not have many items. She sells rice, sugar, and cooking oil. She will use the money from this loan to buy more food items for her store, in order to be able to keep her customers. Maria hopes to grow her business.
View original language description ↓
Maria Eugenia tiene 54 años, su actividad económica es una pulpería. Hace más de 5 años que se dedica a esta actividad. Esta pequeña pulpería nace con la idea de buscar una forma de generar ingresos a su familia pero como no tenía mucho dinero decidió buscar la forma en cómo invertir sus ahorros en víveres y venderlos a los vecinos. Poco a poco fue incrementando su tienda, aunque no cuenta con muchos productos ella sigue trabajando para incrementarlos, vende arroz, azúcar y aceite. Con el préstamo quiere comprar víveres como arroz, azúcar y aceites para su tienda, pues necesario para mantener a sus clientes. El sueño de Maria es agrandar su negocio.

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
  • 176
    View loans »
    Nicaragua Loans Fundraising
  • $23,196,575
    Funds lent in using Kiva
  • 21.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Maria Eugenia working capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011