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Karen Valesca
Karen Valesca is 24, married and has one young child. She has a small, well-stocked local store in the house where she lives. She runs it herself, and her mother helps her to buy the merchandise in the market. Her sales are always in cash, and likewise she has to buy in cash. She began this business 2 and a half years ago, when her husband was unemployed. Her husband now works as a delivery man in a distribution company, but they saw that the business was profitable and so they decided to continue with it. The requested loan will be invested in the purchase of inventory for the store, principally basic grains, since she wants to stock up. Karen's dream has always been to own her own home, as the one they currently live in belongs to her mother.
View original language description ↓
Karen Valesca tiene 24 años es casada y tiene 1 hijo menor de edad. La señora tiene ubicada en su casa de habitación una pulpería muy surtida, la cual es administrada personalmente por ella, además de esto su mama le ayuda a comprar la mercadería en el mercado. Sus ventas son siempre de contado, igualmente tiene que comprar al contado. Ella empezó con este negocio desde hace 2 años y medio, este dio inicio cuando su esposo estaba desempleado, Ahora su esposo trabaja como despachador en una distribuidora, sin embargo ellos observaron que el negocio era rentable, por lo que decidieron continuar con el mismo. El crédito solicitado por la señora será invertido en la compra de inventario para la pulpería, principalmente granos básicos, ya que desea surtirla. Su sueño siempre ha sido llegar a tener una vivienda propia, ya que donde viven actualmente le pertenece a su mama.

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

  • $4,800
    Average annual income
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,581,200
    Funds lent in using Kiva
  • 21.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Karen Valesca working capital-general store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 13, 2010
Listed
Jun 5, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011