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Magali Del Rosario
Magali del Rosario, 45, has two children under her care. This isn’t the first time she has sought funding for the good functioning of her business.

She has a small grocery store that she started with just a few items 12 years ago because she didn’t have much capital. Gradually she has been improving her store and she is always looking for ways to improve daily.

The reason for this financing is to buy stock items for her store like: basic grains, sweets, natural beverages, juices, bread and cookies.

Her dream is to increase her working capital because she’d like to keep this economic activity.
View original language description ↓
Magali del Rosario tiene 45 años de edad, tiene 2 hijos que están bajo su cargo. Por lo que no es la primera vez que realiza financiamientos para el buen funcionamiento de su negocio. Ella se dedica a una pulpería, inicio hace mas de 12 años con muy pocos productos, debido a que no poseía mucho capital de trabajo, por lo que poco a poco es que ha ido mejorando su actividad ya que siempre está buscando la forma de mejorar cada día más. El motivo del financiamiento es para la compra de granos básicos, golosinas, refrescos naturales, juegos, pan y galletas. Por lo que sueña con incrementar su capital de trabajo pues le gustaría mantener siempre esta actividad económica.

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
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $23,416,850
    Funds lent in using Kiva
  • 21.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Magali Del Rosario to buy stock items for her store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2010
Listed
Jul 20, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2010