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Alma Nuvia
Alma Nuvia is 53 years old and has 4 children, all of whom are grown and independent. In her home, she has a small general store where she sells firewood, basic grains, snacks and cleaning products. She has operated this business for 7 years already; she started it since she did not have an income to maintain her household, and she wanted to provide support to her children. She is requesting this loan with the aim of buying a variety of products, since she would like to begin to sell more in order to earn more. In addition, she says that every day the products are getting more expensive. This has become a challenge for her, since the economic situation in the country is becoming more and more difficult.
View original language description ↓
Alma Nuvia tiene 53 años y tiene 4 hijo todos son mayores de edad e independientes. La señora tiene en su casa un negocio de pulpería, ella vende leña, granos básicos, golosinas, detergentes. Ella ya tiene 7 años de tener este negocio, el cual empezó debido al no tener ingreso para mantener su hogar, esto con el objetivo de brindar manutención a sus hijos. Ella desea este crédito con el objetivo de realizar compras variadas de sus productos, ya que quiere empezar a vender más para ganarles más. Además, aduce la señora, cada día los precios de los productos están cada día más caros. Este se ha convertido en un desafió para ella, debido a que la situación económica del país cada día está más difícil.

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
  • 136
    View loans »
    Nicaragua Loans Fundraising
  • $24,060,850
    Funds lent in using Kiva
  • 21.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Alma Nuvia working capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2010
Listed
Oct 22, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2011