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Norma Del Rosario
Sra. Norma García is 42 years old, married, and has two young daughters. Sra. Norma operates a firewood business from her home. This is not a small business since she has to buy large pieces of firewood and is responsible for splitting them into smaller logs before distributing them to nearby stores or selling them at the market. She has 15 years of experience in this business. However, it is important to mention that she also had a grocery store, but she had to close it down because too many customers purchased on credit and never paid her.


Sra. Norma is requesting a loan so that she can expand her business. Her dream has always been to prepare her daughters so that they could study at the university and provide them a better life with all the conveniences.

View original language description ↓
La señora Norma García tiene 42 años es casada y tiene dos hijas menores de edad. La señora Norma tiene un negocio de venta de leña, el cual está localizado en su casa de habitación. No es un negocio pequeño, ya que ella lo que hace es comprar los piezas grandes de leña, paga para que los rajen y luego distribuye a las ventas cercanas y también al mercado. Ella ya tiene 15 años de tener este negocio, sin embargo es importante mencionar que antes la señora también tenía un negocio de pulpería, sin embargo lo tuvo que desistir debido a que muchos créditos daban y la gente no le pagaba. La señora está solicitando este crédito ya que desea ampliar su negocio. Su sueño siempre ha sido que con su trabajo sus hijas puedan prepararse y llegar a estudiar en la universidad, brindándole una mejor vida con mayores facilidades.

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
  • 95
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • 21.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Norma Del Rosario operating capital to expand her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2010
Listed
Jun 13, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011