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Jose Marvin
Jose Marvin is 49 years old and works as a mechanic. He has been in this business for more than 15 years, always with the goal of earning money for his family. His eldest daughter, a 3 year old, is dependent on him and his wife, so they're responsible for her education and other needs.

He started working in a shop through a friend's recommendation. Over time, Jose came to enjoy the work and with his savings decided to set up his own shop and be his own boss. He is glad of this financing since it is the best opportunity to get ahead. He plans to improve the facilities at the shop.
View original language description ↓
José Marvin tiene 49 años, se dedica a ofrecer los servicios de mecánico. Hace más de 15 años que tiene este negocio, por lo que siempre está buscando la forma de generar ingresos para su familia, su hija menor de 3 años está a su cargo el y su esposa le brindan la educación y las comodidades necesarias. El inicio por medio de un amigo en un taller con el paso del tiempo a José le fue gustando este medio de vida con todos los ahorros que tenia de trabajar decide establecer su propio taller y el mismo ser el dueño. El está contento con este financiamiento por lo que es la primera oportunidad para salir adelante. Sueña con mejorar las instalaciones del taller.

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
  • 89
    View loans »
    Nicaragua Loans Fundraising
  • $24,396,400
    Funds lent in using Kiva
  • 21.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Jose Marvin working capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2010
Listed
Jul 29, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011