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Cecilio
This isn't the first time that Cecilio, 64, has applied for a loan and past loans have been very important for his business. He has operated a carpentry business for more than 16 years. Before that, he worked as a security guard but the work was very dangerous and he decided, with the help of a friend, to set up his own business, something that has better suited both him and his family. Cecilio will use the loan to buy wood, nails, glue, locks and latches. His goals are to improve his shop and always stay active.
View original language description ↓
Cecilio tiene 64 años esta no es la primera vez que realiza financiamientos, pues han sido muy importantes para su negocio. La actividad económica a la que se dedica es ofrecer los servicios de carpintería, hace más de 16 años que se dedica a esta actividad, por lo que anteriormente se dedicaba a ofrecer los servicios de vigilante, pero este trabajo era muy peligroso y fue por medio de un amigo que decidió iniciar, ya que era un trabajo más accesible para él y su familia. El destino del financiamiento es para comprar madera, clavos, pega, brocas y sierras. El desea proporcionarle mejoras a su local del negocio y mantenerlo siempre activo.

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
  • 21.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Cecilio working capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2010
Listed
Jul 30, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2011