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Maria Cristina
Maria Cristina is dedicated to making baked goods, which she sells itinerantly. She is 67 years old and has two children, both adults.

She has been in this business for 20 years. It was started by her mother, and after some time she was able to raise enough money to establish her own business.

Because most of her sales are on credit, she collects after 15 days and at most, after 30 days. Now she asks for a loan to invest in the purchase of bread to meet her client’s demands.

She dreams of one day leaving her children a well established business.
View original language description ↓
Maria Cristina se dedica al negocio de panadería, la cual vende en de forma ambulante. Tiene 67 años y tiene 2 hijos, todos mayores de edad. Ella inicio con este negocio desde hace 20 años, este negocio inicio por su Madre y con el paso del tiempo fue que ahorro lo suficiente para establecer su propio negocio. Ya que sus ventas son en su mayoría al crédito, a recuperarse en 15 días, lo mas 30 días. Actualmente está solicitando este crédito con el propósito de invertirlo en la compra de pan para suplir la demanda de sus clientes. Ella sueña con dejarles algún día a sus hijos el negocio bien establecido.

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
  • 87
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 21.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Maria Cristina working capital for a bakery.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2010
Listed
Oct 4, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011