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Luis
Luis H. is 73 and has 3 dependent children. He has sold general merchandise for 7 years. He is a walking street merchant, and he gets up very early every day to sell his wares and to provide his family's daily bread. With time, he has gained experience that has been instrumental in the improvement of his work. The requested loan will be used to buy raw materials.
His desire is to maintain his family's economic stability.
View original language description ↓
Luis Hernández de 73 años. Tiene 3 hijos a su cargo. Luis tiene la actividad económica de mercadería en general. Hace más de 7 años que se dedica a esta actividad. Su ubicación es de manera ambulante, es por eso que todos los días se levanta muy temprano para ofrecer sus productos y llevar el pan de cada día a su familia. Con el paso de tiempo ha obtenido experiencia pues ha sido muy importante para la mejora de su actividad. El crédito que solicita es para la compra de materia prima. Su deseo es mantener la estabilidad de económica de su familia.

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
  • 170
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,825
    Funds lent in using Kiva
  • 21.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Luis working capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2010
Listed
Jun 3, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011