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Melba Mercedes
Melba Mercedes is 46 years old. She has 2 children who are still in her care. Her business is preparing and selling food. She has done this work for more than 15 years; she started her business thanks to her mother, who taught her this work as a way of making a living. Melba Mercedes gets up early to buy her supplies, including grains and beans, vegetables, fruit, containers and firewood, among others. She feels very satisfied with this work. She is applying for the loan in order to improve her business and buy the supplies she needs. Her dream is to expand her business so that her children can run it in the future.
View original language description ↓
Melba Mercedes tiene 46 años, Melba tiene 2 hijos y están a su cargo. Su actividad es la elaboración y venta de comida. Hace más de 15 años que se dedica a este negocio, inicio este negocio por su Mama ya que le enseño este rubro como un medio de vida para ella, se levanta temprano para realizar las compras de los granos básicos, verduras, frutas, bolsas, leña entre otras cosas. Por lo que se siente muy contenta con esta actividad. Este financiamiento lo realiza con el fin de mejorar su actividad y comprar los productos necesarios. Sueña con ampliar su negocio para que sus hijos puedan administrarlo.

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
  • 157
    View loans »
    Nicaragua Loans Fundraising
  • $23,183,925
    Funds lent in using Kiva
  • 21.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Melba Mercedes working capital.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2010
Listed
Jun 5, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011